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On the Issues

The economy is almost always one of the most important issues to voters, and that is certainly the case now. Inflation is declining from the abnormally high levels of 2022, but its still high.

For the most part, the Republican presidential candidates have stuck to general calls to reduce taxes, spending and regulations. But the details, like which taxes they would lower, by how much and for whom; what they would spend less on; or which regulations they would lift, are often lacking.

He deployed traditional Republican moves like tax cuts alongside protectionism.

As president, Donald J. Trump mixed Republican orthodoxy on the economy with populism.

He has cast conservative economic plans as a way to stick it to elites.

Gov. Ron DeSantis of Florida has framed his economic plan as a way to disempower bureaucrats and elites. His 10-point blueprint is titled We Win. They Lose.

He has called for reducing spending and regulations, but hasnt given many specifics.

We have to turn the spigot off and stop spending money we

dont have,

trying to impress people that are not impressed anywhere

in the world.

If we cut taxes back to where they

were just a few years ago, we can put $4,000 back

in the pockets like we did just a few years ago so

that you get to make your decisions on how

to support your household, and not expect the government

to figure it out for you.

He says he would increase G.D.P. growth by stopping efforts to combat climate change.

Our Federal Reserve

the U.S. Fed

its been trying to play God over the financial system

for far too long.

Except effectively, its been the equivalent of playing God

with a fat finger.

The Fed has done a disastrous job

in its mandate of trying to balance

inflation and unemployment.

Its like the equivalent of trying to hit two targets

with a single arrow.

Im going to put the Fed back in its place by telling them

to focus on stabilizing the U.S. dollar.

You could say as measured against a basket

of currencies.

And that should be their sole mandate.

You shouldnt even know who most Americans,

at least shouldnt know the name of whos leading

the Federal Reserve because it should be such a

ministerial function.

She says shes more serious about cutting spending than other Republicans.

He wants to cut agencies and regulations and narrow the Federal Reserves mandate.

Former Vice President Mike Pence attributes inflation largely to government spending, which he says is unsustainable, and to climate policies, which he calls a war on American energy. His plan for reducing costs includes:

He has called for reducing spending and regulations, but hasnt given many specifics.

Like most Republicans, former Gov. Chris Christie of New Jersey blames Democratic spending for the high, though now declining, inflation rates of the past couple of years.

He wants to balance the budget and cut the federal nonmilitary work force by 10 percent.

The aim of former Gov. Asa Hutchinson of Arkansas to balance the federal budget is an extraordinarily difficult task, one that would likely require cuts to popular programs like Social Security and Medicare, which he has left the door open to.

He has called for cutting taxes and reducing regulations, but hasnt given many specifics.

Gov. Doug Burgum of North Dakota has said that strengthening the economy needs to be the absolute top priority. However, he has stuck to broad terms, without detailing how he would do so.

He has called for reducing spending, but hasnt given many specifics.

Former Representative Will Hurd of Texas argues that President Biden has focused too much on monetary policies, like interest rates, and too little on fiscal policies, like taxes and spending.

He has called for reducing spending and taxes, but hasnt given many specifics.

Mayor Francis X. Suarez of Miami has not provided many details on his economic plans, beyond calling generally for lower spending and taxes. His campaign did not respond to a request for more information.

Read the rest here:
Republican Presidential Candidates on the Economy and Inflation - The New York Times