November 14, 2016

MSCI President On Tuesday’s Election: Voters Send A “Resounding Message” That Washington Should Act On Trade, Tax Reform, And Infrastructure

Republican Donald Trump was elected the 45th president of the United States last Tuesday, defeating Democratic candidate Hillary Clinton. While Clinton won the popular vote, Trump holds a 290 to 228 advantage in the Electoral College with two states, Michigan and New Hampshire, yet to be called. Republicans also kept their majorities in the U.S. Senate and U.S. House. Republicans are likely to end up with a 52 to 48 majority in the upper chamber and will have at least a 239 to 192 majority in the House where four races remained undecided. 

The Metals Service Center Institute issued a press release the morning after the election that argued the results are clear evidence that voters want a new direction for the economy and the country, and are looking for lawmakers to finally take strong actions on trade, tax reform, and infrastructure. 

MSCI President and CEO Bob Weidner said, “Voters delivered a resounding message to Washington. Americans now want President-elect Donald Trump and Congress to act decisively, with new and creative ideas that address the economic insecurity they feel. Lawmakers of all political stripes must resist the temptation to let the election’s rancor and partisan rhetoric, or the unproductive and dispiriting focus on investigations, to carry over into the new year.  It’s time for presidential and congressional leadership. Good public policy now must take precedent over politics.” 

Weidner also noted, “Nearly a decade of sub-par economic growth is unacceptable. When the economy isn’t growing, it’s American workers who suffer the most,” and said, “It’s time to come together to streamline our tax code, stop currency manipulation, and spur private investment in American infrastructure, including investing in America’s energy future. When the men and women elected Tuesday take office in January, they must focus on these issues, and find solutions. We look forward to working with the new administration and Congress to achieve a prosperous, thriving industrial metals industry.” 

Click here to read the full press release.