As Republican presidential hopefuls prepare for the second debate on FOX Business on Wednesday, here are each candidate's vision for the economy if elected in 2024.
Haley, the former governor of South Carolina, is calling for slashing federal spending, reducing the national debt, restrained monetary policy, supporting the drilling of oil and gas, forcing Congress to vote on every rule and regulation, and reducing the size of the federal government "by pushing programs and authority back to the states" such as "welfare, health care, education and infrastructure.
The South Carolina senator wants to cut non-defense discretionary spending back to pre-pandemic levels, make the 2017 tax cuts permanent and end automatic raises for federal bureaucrats. He also plans to reform welfare and implement stronger work requirements, and promote the skilled trades. The former New Jersey governor, while not giving many specifics on his economic agenda, said in a CNN town hall in June that government spending under the Biden administration is "completely out of control." He said one of the first things he'd do as president is impose fiscal discipline again.
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