Today's runoff election in Georgia between incumbent Democrat Senator Raphael Warnock and Republican Herschel Walker is expected to have a direct effect on the stock market.
For example, Republicans have indicated a plan to repeal President Joe Biden's Inflation Reduction Act of 2022, which seeks to reduce U.S. greenhouse gas emissions by 2030 to 40% below 2005 levels. So far, the bill has been a major catalyst for solar stocks, such as Sunrun Inc (NASDAQ:RUN), Array Technologies Inc (NASDAQ:ARRY) and First Solar Inc (NASDAQ:FSLR).
The bill is also considered a win for electric vehicle companies like Tesla Inc (NASDAQ:TSLA), ChargePoint Holdings Inc (NYSE:CHPT), Blink Charging Co (NASDAQ:BLNK) and EVgo Inc (NASDAQ:EVGO).
See Also: Senators Sinema And Manchin's Grip On Biden Agenda Hangs In Balance As Georgia Vote Unfolds
But regardless of how Georgia's runoff turns out (neither Warnock nor Walker won the majority of the initial vote on Election Day, after Libertarian Chase Oliver, took 2.1% of the cast ballots), Democrats have already won the Senate majority. Two seats are held by independent senators — Bernie Sanders of Vermont and Angus King of Maine — who caucus with Democrats.
A 50-50 Senate means Vice President Kamala Harris will be called upon to vote in the event of a tie whenever a piece of legislation is up for a vote.
Still, Georgia's voting outcome will help decide just how well the power dynamics of the U.S. Senate tilt in favor of Democratic priorities like climate change, voting rights, abortion access and the ability to confirm judicial nominations (118 federal judicial vacancies need to be filled).
A clear Senate majority for Democrats could also block bills approved by the House, which is under Republican control.
Next: Is Congressional Gridlock Good For Your Nest Egg? What A Divided Government Means For Personal Finances
Image via Unsplash: Warnock And Walker Press
今天在佐治亚州举行的现任民主党参议员之间的决胜选举 Raphael Warnock 和共和党人 Herschel Walker 预计将对股市产生直接影响。
例如,共和党人表示计划废除总统Joe Biden2022年的《减少通货膨胀法》,旨在到2030年将美国的温室气体排放量减少到比2005年的水平低40%。到目前为止,该法案一直是太阳能库存的主要催化剂,例如 Sunrun Inc (纳斯达克股票代码:RUN), Array Technologies Inc (纳斯达克股票代码:ARRY)和 First Solar Inc (纳斯达克股票代码:FSLR)。
该法案也被认为是电动汽车公司的胜利,例如 Tesla Inc(纳斯达克股票代码:TSLA), ChargePoint Holdings Inc(纽约证券交易所代码:CHPT), Blink Charging Co(纳斯达克股票代码:BLNK)和EVgo Inc (纳斯达克股票代码:EVGO)。
另见:随着佐治亚州投票的展开,参议员西内玛和曼钦对拜登议程的控制悬而未决
但是,不管格鲁吉亚的决胜结果如何(沃诺克和沃克都没有在选举日赢得多数初次选票),仅次于自由主义者 Chase Oliver, 拿下了2.1%的选票),民主党人已经赢得了参议院的多数席位。两个席位由独立参议员占据— Bernie Sanders 佛蒙特州和 Angus King缅因州—谁与民主党人举行核心小组.
50-50 的参议院意味着副总统 Kamala Harris 每当一项立法有待表决时,如果出现票数相等,将被要求投票。
尽管如此,格鲁吉亚的投票结果仍将有助于决定美国参议院的权力动态在多大程度上倾向于民主党的优先事项,例如气候变化、投票权、堕胎机会和确认司法提名的能力(需要填补118个联邦司法空缺)。
民主党在参议院的明显多数也可能阻止众议院批准的议案,而众议院正在共和党的控制之下。