Trump, Walker, Carson and your Agency

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The front runners of the Republican party have some unique proposals and approaches that could affect the way an Agency Owner runs their business in very new and interesting ways. Whether it would be for the better or worse, you’ll have to decide for yourself.

Healthcare Regulation

It should come at no surprise that all three of these Candidates are proponents of repealing the Affordable Care Act passed under Obama’s administration. Trump has blatantly called it a, “complete disaster,” and has written that, “Obamacare can’t be reformed, salvaged, or fixed. It’s that bad. Obamacare has to be killed now before it grows into an even bigger mess, as it inevitably will.” Walker has stated that he has and would seek to reduce, “health care costs through market-driven solutions.” Trump and Carson have proposed more unique and specific solutions. Carson offers an HSA created from Birth and initially seeded with funds so that each individual can make their own decisions on what to do with their healthcare. He’s also stated that if this HSA were transferable upon death, that he believes that some elderly who are facing multiple costly diseases near end of life may chose to transfer their funds to family rather than use up a large amount of healthcare resources. Although this approach would most likely not affect business owners for years to come, such a radical approach could mean that eventually employers may offer HSA funds rather than Health Insurance Plans.

Trump suggests that insurance competition should be increased across state lines. As a side note, it would be interesting to see if he would push for the same approach in property and casualty insurance. Although both Carson’s and Trump’s solutions seem somewhat unlikely they both could mean very significant changes to the way agency owners do business within a decade or two.

Corporate Tax Reform

Another ‘radical’ approach that Trump has proposed is to zero out the corporate tax rate, making it well, zero. For agents that have their agencies set up as corporations this would represent a very significant change on their financials, if executed. In that situation, many agents and various other small business owners would most likely reexamine their business structure if they weren’t already corporations. As Governor of Wisconsin, Walker has implemented development tax credits to drive economic growth. However, he hasn’t stated anything as revolutionary (or radical depending on your viewpoint) as dropping the corporate tax all together. Carson, a proponent of a flat tax on personal income has stated that he believes that the economy would benefit most from, “a low proportional tax rate… applied to everyone, including corporate entities.”


Trump has made his position clear on entitlements such as Social Security, Medicare. He has stated that changing, “Medicare, Medicaid and Social Security in any substantial way,” would cause a candidate to lose elections. Instead, he advocates a focus on strengthening the economy to cover these entitlements. Walker proposes that unemployment benefits should only be given when linked to weekly job searches. He has also made clear that he opposes raising the minimum wage, favoring instead a focus on training for higher wage jobs.

Government Regulation

Overall, Scott Walker has made it clear that he favors deregulation and put considerable effort into reducing regulations for small business in his state. Ben Carson has also stated that he favors the free market although he has cautioned that some regulation is necessary and seems to support a balance. In our sources we didn’t find anything definitive on Trump’s stance on government regulation of the market.


As the Presidential race picks up steam, each candidate’s position will begin to take a more defined shape. For now this is what we think is realistically discernible from this Candidate’s history and statements. You’ll have to decide for yourself what this means for your Agency and whether or not it will affect your voting decision. Whatever the Political Climate, you can count on Connect Insurance to help you navigate the waters of Agency Ownership.