1 week Ago
The Republicans are clear favorites to retake the Senate where the GOP needs a net gain of two seats to win the majority. The stakes are high for American business leaders: The Senate has the power to confirm or reject presidential nominations for critical positions, approve long-term tax policy, and help regulate international trade. No first-term president since George H.
W. Bush in 1989 assumed office without their party controlling the Senate. A Republican Senate overseeing presidential nominations would severely limit the latitude of a Harris presidency, directly impacting and moderating the administration's personnel and policy choices.
Likewise, a Republican Senate would be vital to the expeditious confirmation of a Trump Cabinet and execution of a Trump economic agenda. A Senate Republican majority would help ensure that cabinet members, senior administration officials, and federal judges are committed to principles of free enterprise, federalism, and limited government. For business leaders, a Senate Republican majority would have a major impact on economic regulatory agencies.
Prospective commissioners at the Securities and Exchange Commission would be questioned for their views on the role of government in mandating environmental and social actions in corporate governance. Nominees for the Commodities Futures Trading Commission would be questioned about their..
. Joseph Lai.
