Ron DeSantis reveals economic strategies mirroring those of Donald Trump

In a bid to boost his chances in the 2024 GOP presidential nomination race, Florida Gov. Ron DeSantis has unveiled an economic policy blueprint that closely mirrors that of his chief rival, Donald Trump. DeSantis presented a 10-point “Declaration of Economic Independence” during a campaign stop in New Hampshire, pledging to continue key priorities of the Trump administration such as trade restrictions with China, immigration control, deregulation, and ensuring U.S. energy independence. Notably, DeSantis’s policy program steers clear of proposed changes to Social Security and Medicare, programs that Republicans had previously promised to cut but that Trump vowed to protect.

DeSantis’s platform reflects the extent to which Trump’s policy vision has dominated the GOP, deviating from party norms prior to 2016. He also echoes Trump’s rhetoric against the “elites” in Washington and Wall Street. During his rally, DeSantis emphasized that the nation’s middle class should be shielded from the failed policies of the ruling class. Despite significant differences in polling numbers, analysts suggest that DeSantis may intentionally downplay policy differences with Trump due to the former president’s popularity among Republican voters.

One of the key differences in DeSantis’s platform is his opposition to the Federal Reserve’s plans for a digital currency, which he believes could lead to excessive government control of the economy. Unlike Trump, DeSantis has expressed support for cryptocurrencies like bitcoin. Another distinction is DeSantis’s emphasis on cutting federal spending to stimulate economic growth, incorporating specific tax policy proposals into his campaign, such as allowing businesses to deduct the cost of short-term investments. This intellectual coherence in DeSantis’s economic plan is seen as an improvement compared to Trump’s less specific approach in 2016.

However, it remains to be seen how much DeSantis’s economic framework will resonate with voters. Attendees at his events in New Hampshire seemed more interested in discussing his handling of the coronavirus pandemic rather than specific economic policies. DeSantis has gained attention for his strong stance against “woke” culture and recent controversies surrounding his attempts to reinterpret Black history. Ultimately, voters will decide not only on the policies they support but also on the candidate they trust to implement them.

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