Texas Poised to Lose Billions in Investment if Donald Trump Elected

📆 3/1/2024 4:07 AM
📰 Newsweek

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 52%

United States News News

United States United States Latest News,United States United States Headlines

Allies of the former president have said he will repeal the Inflation Reduction Act—which would hand Texas $131 billion by 2030.

Texas and other Republican states that benefit disproportionately from the Inflation Reduction Act would lose billions of dollars of investment in their economy were Donald Trump to be re-elected in November and seek to repeal the landmark Biden administration deal.

In 2020, the then-president offered tax credits to entice firms to move their manufacturing bases from China, vowing to 'end our reliance' on the east Asian nation. On the 2024 campaign trail, he has called for jobs to be brought back to America.Newsweek approached the Trump campaign via email for comment on Thursday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks are poised to lead tech beyond the ‘Magnificent Seven’Valuations are attractive in AI and software, tech-sector analyst says
Source: MarketWatch - 🏆 3. / 97 Read more »