Politico
‘The Rest of the Country Just Might Crumble Around Us’: Wall Street on Trump v. Harris
In this presidential election, Wall Street is a lot like a swing state.
Sam Sutton
It’s hard to find a group of Americans with more conflicted interests in the outcome of this election than Wall Street’s bankers and financiers. On the one hand, members of the financial class prioritize profits, and Trump is offering to cut them good deals. On the other hand, they have a stake in the general welfare of the country, since a strong economy tends to boost their bottom lines and Vice President Kamala Harris’ pledge to deliver stability would help it expand.
In that respect, in this election, Wall Street is a lot like a swing state. Trump’s promises to cut taxes and reduce regulation would be a boon for financial firms, and those promises have helped him rebuild the coalition of high-powered donors and financiers who supported him through his first term.