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Illustration: Aïda Amer/Axios

President Trump has not laid out an economic agenda for his second term, despite the election being just eight days away.

Why it matters: This is unprecedented in modern presidential campaigns, and makes it harder for undecided voters to make an informed choice.

Trump's campaign website doesn't include a section on forward-looking policies, including the economy. Instead, it only lists first-term accomplishments.

  • Trump's 2016 campaign website had a "positions" section that included economic priorities like boosting GDP to 3.5% per year and a "penny plan" to reduce annual spending. He also made several speeches focused on the economy.
  • Joe Biden's campaign site has a section on economic policy. So did the campaign sites of Hillary Clinton, Mitt Romney, Barack Obama, John McCain, George W. Bush, and John Kerry.
  • The Trump campaign did send an August email with a few top-line economic agenda items, including the expansion of opportunity zones, but with precious few specifics. The Tax Foundation called it "light on details" and noted that Trump and his advisers "vaguely called for several other policies."

Many economists have analyzed Biden's economic plans, including on taxes and spending, to predict how it would impact everything from GDP to jobs. But they've been unable to do the same with Trump's plan, because there is none.

  • The conservative-learning American Enterprise Institute recently published a 12-page analysis of Biden's tax plan, finding that it "would increase taxes, on average, for the top 5% of households and reduce taxes on households in the bottom 95 percent."
  • That report's author, Kyle Pomerleau, told the Axios Re:Cap podcast: "I will release an analysis of Trump's proposals once he releases proposals. So far the Trump administration has not put forth detailed tax policy proposals for a second term so we really don't know exactly what he would do."
  • The Trump campaign did not respond to requests for comment.

The bottom line: Trump talks a lot about regaining economic momentum lost due to the pandemic, so it's reasonable to assume he'd seek to maintain the status quo on things like taxes and regulation. And he has occasionally mentioned his desire for a "big middle-class tax cut." What such cuts would look like, however, is unclear without a plan.

Go deeper: Where Trump stands on his economic promises

Go deeper

Nov 29, 2020 - Politics & Policy

Biden turns to experienced hands for White House economic team

Illustration: Sarah Grillo/Axios

Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios.

Why it matters: These are experienced hands. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Some progressives have criticized his work at BlackRock, the world's largest asset management firm.

Nov 29, 2020 - Politics & Policy

Wisconsin recount reaffirms Biden's victory in the state

Photo: Mark Makela/Getty Images

The two recounts in Wisconsin requested by the Trump campaign were completed Sunday and confirmed that President-elect Joe Biden won the state, the Washington Post reports.

Driving the news: Biden won Wisconsin by more than 20,000 votes. Recounts in the state's most populous and liberal areas — Dane and Milwaukee counties — netted him an additional 87 votes.

4 mins ago - Health

U.S. exceeds 100,000 COVID-related hospitalizations for the first time

People wait outside the Emergency room of the Garfield Medical Center in Monterey Park, California on Dec 1. Photo: Frederic J. Brown/Getty Images

More than 100,200 Americans were hospitalized as of Wednesday due to the coronavirus for the first time since the outbreak began in early 2020, per the COVID Tracking Project.

The big picture: The milestone comes as health officials anticipated cases to surge due to holiday travel and gatherings. The impact of the holiday remains notable, as many states across the country are only reporting partial data.