How Would A No Labels Presidential Candidate Change the Outcome in 2024?

The centrist group No Labels is planning to host a bipartisan nominating convention in 2024. This is leading some people to speculate that they may promote a third-party candidate that better reflects the perspective of middle-of-the-line voters who don’t favor President Biden’s re-election bid or Donald Trump receiving the Republican nomination. Those who say it will help Trump argue the group doesn’t have enough influence to make lasting tangible change and worry that promoting a third-party unity ticket will give an unpopular candidate like Trump a lower threshold for votes that would’ve gone to Biden. Those who disagree say voters who are discontented with both major parties but particularly opposed to Trump, might turn out in support of the third-party candidate, indirectly reducing Trump's chances. With this context, we debate the question: “How Would A No Labels Presidential Candidate Change the Outcome in 2024?"