Rochester, N.H. – Florida Governor Ron DeSantis has set his sights on China, government bureaucracy, and “the elites” as he positions himself as a formidable contender in the race for the Republican presidential nomination. Unveiling his ambitious ten-point economic plan to “fight for the middle class,” DeSantis aims to bounce back from recent setbacks and change the narrative surrounding his 2024 White House bid.
Declaration of Economic Independence
Governor DeSantis presented his “Declaration of Economic Independence” in a blue-collar city in New Hampshire, where he outlined his policy proposals to business owners and workers at a manufacturing facility. At the heart of his vision is a society where hardworking Americans can thrive, afford homes, cars, and raise families. He pledged an unwavering commitment to the well-being of citizens, families, and the nation’s future.
Taking Back Control from China
Central to DeSantis’ economic plan is reclaiming control of the nation’s economy from China and “restoring our economic sovereignty.” He seeks to reverse increasing trade deficits by ending the “abusive relationship” with Beijing. The governor plans to ban imports of goods made from stolen intellectual property, strengthen protections against child and forced labor, and terminate China’s preferential trade status, requiring Congressional approval.
Incentivizing Growth and Energy Independence
DeSantis aims to achieve 3% economic growth by incentivizing investments, streamlining bureaucracy, and reducing taxes. He advocates for “American energy independence” to enhance the nation’s energy security and economic resilience.
The governor’s economic plan also includes elements of an anti-woke crusade, seeking to scrutinize pension fund managers who consider climate change and other environmental factors in investment decisions.
Reforming Education and Labor Market
DeSantis calls for education system reforms and lowering barriers for working-class Americans. He emphasizes the importance of securing the nation’s borders and enforcing existing laws to create a fair labor market.
Reining in the Federal Reserve and Curbing Federal Spending
The governor vows to rein in the Federal Reserve, oppose bailouts, and hold bad economic actors accountable. He expresses concerns about “reckless and wasteful federal spending.”
Despite DeSantis’ vision and policy proposals, former President Donald Trump remains the frontrunner in the GOP presidential nomination race, with a significant lead over DeSantis. A national poll by Siena College for The New York Times showed Trump with a commanding 54% support compared to DeSantis’ 17%.
MAGA Inc. Takes Aim
Before Governor DeSantis’ speech, the pro-Trump super PAC, MAGA Inc., criticized his economic record in Florida, highlighting a home insurance crisis and alleging “massive spending increases.”
Economic Concerns Persist
The economy remains a top concern for American voters, with President Biden receiving a failing grade on the issue. While fears of a recession are subsiding and inflation has eased, a recent Fox News national poll indicated that over three-quarters of respondents believe the economy is in fair or poor shape.
DeSantis’ ambitious economic plan underscores his determination to address key issues facing the American middle class. As the race for the Republican nomination intensifies, the governor faces significant challenges, especially with Trump’s substantial lead in the polls. His focus on reclaiming economic control from China and prioritizing the needs of hardworking Americans will undoubtedly fuel debates and discussions in the upcoming primaries and caucuses.
Download our app MadbuMax on the Apple App Store for the latest news and financial tools. Interested in getting your finances in order do not forget to check Dr. Paul Etienne’s best-seller book on personal finance. To access more resources, tools, and services please click here. Also, do not forget to follow Dr. Etienne on IG or Twitter.