You’re a major figure on Wall Street, and the Trump campaign comes to your door asking for a contribution. What do you do?
You appreciate the tax cuts, deregulation, and kind words from the president, of course, but you have major concerns about his tariffs and his erratic, autocratic behavior. You were concerned all along that he didn’t have what it takes to deal with a crisis. Recent events have confirmed that your fears were justified.
If Sanders were the nominee, this would still be a no-brainer, but he isn’t. Biden obviously isn’t a socialist, except to the extent that anyone in the White House at this point has to support enormous amounts of additional federal spending to deal with the fallout from the virus. The Trump campaign’s argument about socialism consequently falls on deaf ears.
And so, the answer to the question is, you demand more tax cuts for rich people and corporations as a condition precedent to a large campaign contribution. That is why, in spite of the arguments made by “national conservatives,” you are likely to see regressive tax cuts at the top of the agenda if Trump wins a second term.