Conference Presentation
JD Vance on the Future of America
- The administration plans to dominate productive new technologies and artificial intelligence by aligning work interests with tech firms and the United States, anticipating innovation will increase wages, protect homelands, and save troops' lives.
- A great American industrial comeback is expected to be on the cusp, supported by aggressive crackdowns on illegal immigration to prioritize productivity gains over cheap labor.
- To incentivize investment within American borders and secure over $1.7 trillion in new investments, the administration intends to cut taxes, slash regulations, and reduce energy costs.
- Specific fiscal measures include restoring 100 percent bonus depreciation for capital investments, achieving full expensing for R&D, expanding expensing to factory construction, and making the 2017 tax cuts permanent to provide investment confidence.
- The administration expects to take major steps over the next four years to achieve energy abundance, make energy cheaper, and liberate companies from environmental regulations to support AI leadership.
- Tariffs are considered a necessary tool to protect jobs and industries while creating future roles, and inflation is expected to continue falling with core CPI at its lowest level since April 2021.
- The outlook acknowledges the tension between techno-optimism and populist views, asserting that in a healthy economy technology should augment rather than replace labor value.