Here’s how business leaders are reacting to Trump’s win

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Here’s how business leaders are reacting to Trump’s win

Former President Donald Trump, now reelected to a second term, has vowed to enact business-friendly policies, including sharp corporate tax cuts, higher tariffs and swift deregulation.

He says he’ll cut the corporate tax rate by 6%, from its current 21%, to 15%, leading to greater profitability for companies. Such a substantial cut would mark the sixth-biggest tax cut since 1940, according to a Tax Foundation 

This is the hidden content, please

• Sign In
• or
• Sign Up

. 

Trump’s deregulatory agenda helped him gain support from some of the nation’s most prominent business leaders. A number of nonprofits, particularly those supporting women’s rights and other liberties that a Trump presidency threatens to take away, have also spoken out since his victory. Here’s how CEOs, nonprofit leaders and business groups are reacting to Trump winning the election. 

Elon Musk

Elon Musk, who campaigned for Trump, poured millions into helping Trump get elected, and whom Trump mentioned in his victory speech, praised the election outcome in a statement on X Wednesday. 

“The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” he said. 

Marc Andreessen

Marc Andreessen, co-founder and general partner of Andreessen Horowitz, a Silicon Valley venture capital firm, echoed a post by Musk on X which said, “America is a nation of builders. Soon, you will be free to build.”

“It’s time to build,” 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Jeff Bezos

This is the hidden content, please

• Sign In
• or
• Sign Up

CEO Jeff Bezos was also quick to praise Trump’s win. 

“Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has ******* opportunities. Wishing @realDonaldTrump all success in leading and uniting the America we all love,” he wrote on X Wednesday. 

National Restaurant Association

“We congratulate President-elect Donald J. Trump and Vice President-elect J.D. Vance, and the newly elected members of the U.S. Senate and House,” National Restaurant Association president and CEO Michelle Korsmo said in a statement. “We look forward to working with members of both parties to advocate for policies that create an environment where restaurants can thrive as a cornerstone of our communities and our economy.”

Korsmo also weighed in on a Massachusetts ballot measure seeking to eliminate the tip credit, which lets employers count workers’ tips toward the minimum wage.

“In Massachusetts, voters overwhelmingly supported tipped employees and restaurant owners by rejecting a misguided proposal to eliminate the tip credit. The decisive vote in Massachusetts continues an unbroken streak for tipped employees and restaurant operators who have fought for their tipped wage,” Korsmo said. 

Alliance for ********* Manufacturing

The nonpartisan nonprofit committed to strengthening the manufacturing sector issued a hopeful statement following President-elect Trump’s victory.

“We hope that ********* manufacturing jobs will be a priority for the Trump-Vance administration in 2025 and beyond,” AAM President Scott Paul said. “That means a continued strategic application of tariffs; smart investments in industry, innovation, and infrastructure; expanding Buy America procurement policies and tax rules to spur domestic production; and boosting apprenticeships and worker training programs.”

Plan C

Plan C, a nonprofit that provides information to help access ********* medication in the U.S., called Trump’s win a “disaster” for reproductive rights, but said that “********* is here to stay.” 

“Donald Trump’s second administration is an incoming disaster for reproductive justice. While we can expect the worst for ********* rights, we also know that no matter what, ********* is here to stay,” the group said in a statement Wednesday. 

“I’m horrified to be looking at yet another Trump administration, and expect that this iteration will be much worse for ********* seekers than his first,” Plan C co-founder Elisa Wells said. “But ********* pills are here to stay. Community distribution networks and overseas providers will remain intact, and ********* pills will continue to come into the country.”

National Women’s Law Center Action Fund 

The National Women’s Law Center (NWLC) Action Fund, a nonprofit dedicated to gender justice, called Trump’s win “a dark day for our democracy.”

The center urged its supporters to “remember that Donald Trump is not a king. He is not a dictator. He is one branch of our democratic government, and he and his administration can be kept in check so long as the people, our institutions and those who hold power refuse to bow to his authoritarian tendencies.”

More

Megan Cerullo

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Heres #business #leaders #reacting #Trumps #win

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up