10 Questions Presidential Candidates Should Answer on Financial Sector Role in Economic Growth

10 questions on job creation, pro-retirement tax reform, and immigration

Washington, D.C. – The Financial Services Roundtable (FSR) today called on the presidential candidates to detail their plans on how they will foster greater economic growth via the financial sector.

“The presidential candidates should lay out their plans on how they will encourage greater economic growth and provide more opportunity for all Americans,” said FSR’s Executive Vice President of Government Affairs, Francis Creighton. “With the right policies in place, our economy can reach its full potential and the financial sector can help more individuals and families safely reach their financial goals.”

FSR outlined 10 questions the candidates should answer:

  1. What will you do specifically to grow the economy and create jobs via the financial sector?
  2. What role do you believe the financial sector plays in encouraging economic growth and what will you do to ensure that they are able to safely and efficiently make more capital available for the economy?
  3. What will you do to encourage small business creation and will the financial industry play a role?
  4. Do you believe the decline in the labor force participation rate is problematic, particularly for the economics of retirement? If so what will you do about it?
  5. What kinds of people will you appoint as Governors of the Federal Reserve system?
  6. Will you consider the implications on economic growth of all of the regulations your Administration issues?
  7. While you have both said you are against the trade agreement currently before Congress, will your Administration take bold action to increase global trade and make it possible for US financial companies to compete in more global markets?
  8. What will you do to protect US intellectual property rights around the world to ensure our economy benefits most from our own ideas?
  9. Will you pursue tax reform? If so, will your plans maintain tax incentives for people to save for retirement, buy homes, and other incentives that grow the economy?
  10. Will you pursue immigration policies that allow US companies to recruit the best talent from around the world?

This week caps off FSR’s series to engage the candidates on economic growth and tax reform as a part of its 2016 Presidential Focus Series, an advocacy initiative to highlight issues on which the presidential candidates should focus as they campaign for the Presidency.

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The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. Learn more atFSRoundtable.org.

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