For Iowa: Trump’s Tax Plan a Positive, but Trade Plan a Negative – Affluent InvestorAffluent Investor
Iowa remains front and center on the US political scene with the first primary of the election season occurring here on February 1st. The “Hawkeye” state is important to Republican candidates in large part because historically it has been home to a core conservative voting group and because it has been crucial for initiating momentum as the primaries get underway. Iowa has a strong, diverse economy that boasts a low unemployment rate, a strong manufacturing base, and a vibrant financial sector. The next president and his or her policies are likely to have a significant impact on Iowa’s economy as well as that of the country as a whole.According to the latest pols on Real Clear Politics, the top three Republican candidates in Iowa are: Donald Trump 27.8%, Senator Ted Cruz 26.7%, and Senator Marco Rubio 11.7%. In this article, we’re going to review the key components to Donald Trump’s economy plan and their impact on Iowa’s economy. While the tax reform component of Trump’s plan would help most businesses in the state, the protectionist trade component would likely reduce sales dramatically for a range of businesses and hurt Iowa’s exports to her top trading partners as Canada, Mexico, and Japan. Trump has stated he is in favor of the renewable fuel standard mandate and called for a higher ethanol mandate.
