The Policy Pendulum Swings

What Trump’s victory means for the next four years

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Explore 4 policy areas most important for investor outcomes

Explore Tax Policy

Explore Immigration Policy

Explore Trade Policy

Explore Industrial Policy

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For investors, the market impact of elections is about real policy change – not politics.

Key policy differences between Democrats and Republicans in the 2024 U.S. Election

This chart comparing key policy differences between Democrats and Republicans in the 2024 U.S. Election, categorized by importance for investors.

SPECIAL PODCAST SERIES
Market Matters: Ballots, Bulls, and Bears

November 11, 2024

Trumped-Up Markets

The results are in. Donald Trump won the 2024 Presidential election, and Republicans have taken control of both the Senate and the House of Representatives. What does it mean for investors?

November 4, 2024

Policy continuity

As election week unfolds and uncertainty fills the air, one question stands out: Which policies are most likely to remain unchanged? Lauren Goodwin and Michael LoGalbo explore three themes that are expected to hold firm this week on Market Matters.

September 30, 2024

Ballots, Bulls, and Bears: the view from DC

A look at the political landscape ahead of the U.S. election with Jon Paone and Kerry Cole of New York Life Insurance Company’s Office of Government Affairs.

September 16, 2024

What’s at stake in the U.S. election, and who could win

The debate between Donald Trump and Kamala Harris has investors talking. Host Lauren Goodwin welcomes Jeff Bush of the Washington Update for his take.

July 30, 2024

2024 Election: Policy, not Politics

The election season is already shaping up to be one of the wildest in history. Lauren Goodwin and Michael LoGalbo share how investors can focus on policy, not politics when it comes to what could drive markets.

Icon for Tax policy: The next president will face the expiration of the 2017 tax cuts

Tax policy: The next president will face the expiration of the 2017 tax cuts

Key investor questions:

Will the state and local tax (SALT) deduction cap increase?
Which sectors are most exposed?
What is the impact to municipal bonds?

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Podcast: Tax policy and the municipal bond market - with MacKay Municipal Managers

Coming soon

Tax Cuts and Jobs Act of 2017

The Tax Cuts and Jobs Act of 2017 (TCJA) reduced the corporate tax rate to 21%, adjusted individual tax brackets, limited the state and local tax (SALT) deduction to $10,000, increased the child tax credit, and raised the estate tax exemption.

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Podcast: Tax policy and the municipal bond market - with MacKay Municipal Managers

Icon for Immigration: Voters expect the next president to address issues at the southern border.

Immigration: Voters expect the next president to address issues at the southern border.

Key investor questions:

What impact does legal immigration have on the labor market?
How has immigration impacted growth and inflation?
Who bears the fiscal burden of illegal immigration?

Get the Answers

Get the Answers

Icon for Trade policy: So long to the free-trade policies of the past.

Trade policy: So long to the free-trade policies of the past.

Key investor questions:

Are tariffs taxes?
How do proposed tariffs intersect World Trade Organization (WTO) rules?
Could Trump pull U.S. from NATO?
Which countries are most vulnerable?

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Podcast: Trade and the European perspective

Coming soon

US-China tariff rates toward each other and rest of the world

This chart shows US-China tariff rates from 2018 to 2024, illustrating the trade war's repercussions. The US and China levied tariffs on each other's products, while tariffs on goods from other nations experienced minimal fluctuation.

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Podcast: Ballots, Bulls and Bears: global allocation with Nadège Dufossé

Icon for Industrial policy: Spending and regulation drive meaningful sector impacts.

Industrial policy: Spending and regulation drive meaningful sector impacts.

Key investor questions:

What are the future prospects for the Inflation Reduction Act (IRA)?
What are the respective implications for focus sectors – technology, healthcare, financial services?

Get the Answers

Human Powered

At New York Life Investments, we believe in the power of people and are part of a company that has held this belief for over 175 years. While trends come and go, we've seen that when guidance, advice, and partnership converge - something truly special happens.

Does It Matter to the Market Who Wins the White House?

During election years, the focus is on the political horse race, but after the final poll closes, how does the market perform under Republican and Democratic presidents? Find out more.

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Election Infographic

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Image of Campaign for 2024 Election: What investors need to know

Understanding potential policy implications in the upcoming election remains crucial. Here’s how to stay focused.

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