Have You Noticed That No Fortune 100 CEOs Have Come Out In Support Of Trump? Elon Musk is the only one who seems to have walked back from his endorsement!
Let’s discover together why big companies opt for Kamala Harris. Surely, her instinctive preference for centrist governance, constructive problem-solving, and collaboration over vilification are some of the advantages against her opposing candidate.
We did some research, talked to top business leaders, and found 7 key business areas where they see potential in Harris Presidency. Continue reading to discover which these are!
1. Protecting the rule of law, not the law of rulers
CEOs care a lot about the process guiding the rules of fair play. As a president, Kamala Harris is unlikely to replicate the abuses of power that both political parties have committed over the years. Harris is a former prosecutor and, unlike Trump, who constantly gets involved in all kinds of business businesses, she will avoid doing favors for business associates or attacking venerable companies like GM, Amazon, Merck, Delta, Ford, and Harley Davidson.
Supporters of Trump, mistakenly believe that he is more informal and keeps the government out of commercial decisions, but, in reality, he is more likely to prioritize advancing his own interests.
2. Trade and foreign policy should prioritize national security and access to global markets
Considering that the United States is one of the biggest importers and exporters, it shouldn’t be a surprise that the business community is opposed to Trump’s proposal to impose 10% tariffs on goods from all nations. In addition, there will be inevitable retaliatory tariffs which could increase inflation by 10%.
Harris is aware of these risks and that is why all the big companies prefer her in charge. Her constituents in California who work in the tech sector are probably the most vulnerable to tariffs: conservative estimates suggest international revenues of US tech firms are over $1 trillion annually, the most of any sector. So, it is understandable why tech supporters who had mostly stopped contributing to Biden this year are now rushing to contribute millions to Kamala Harris’s campaign.
3. Fair taxation keeps the American Dream alive
Trump’s taxation lost the support of businesses. CEOs remember that Trump tripled the federal deficit from $1 trillion to $3 trillion, while Biden-Harris cut the deficit by a third. Unrealistic tax plans put up by misinformed Biden advisors, such as a 26% tax on unrealized capital gains, also alarmed a lot of people in the business world.
Harris gained a lot of credibility considering that her current administration has driven 80% of the World Bank’s 2024 prediction and reduced inflation to 3.7%.
4. Immigration policy and accelerate innovation and economic growth
Immigration is considered one of Harris’s vulnerabilities and there are a lot of improvements that can be done to control the borders. She has been closely aligned with the Biden administration’s immigration policy and appreciates the economic and cultural value that skilled legal immigrants bring to America.
5. Energy policy meets increased demand and climate goals
Harris has realized the negative economic consequences of banning fossil fuels overnight and divesting from all fossil fuel companies. She believes that energy must be affordable for anyone living in the United States, no matter their income level. She also believes in the power of public-private partnerships to move us toward a cleaner future.
6. Balanced regulation incentivizes innovation while protecting society
Contrary to popular belief, companies support regulation – as long as it’s reasonable and well-defined. As former DuPont CEO and Business Roundtable Chair Irving Shapiro said: “Most businesspeople are sensible and rational people. They recognize that they’ve got to meet the needs of society or they’re not going to be successful”.
A lot of Trump supporters misunderstood this when they attempted to knock back regulations.
Harris collaborated with business leaders while aggressively fighting to enforce laws that targeted Big Tech. She established company working groups on unionization, privacy, and other regulatory frameworks, preventing conflicts while limiting business abuse and protecting workers’ rights.
On the contrary, Trump’s running mate Vance said at the Wall Street Journal Conference: “I’ve certainly personally been very close to the technology sector. Because of that experience, I inherently mistrust it or at least worry about its influence on the broader economy.”
7. Measured antitrust enforcement protects American capitalism and competition
A more controlled approach to antitrust enforcement is suggested by Harris’ antitrust record as California Attorney General, in opposition to the current atmosphere and the increasing MAGA economic ideas that Trump-Vance promised. In 2010, in her attorney general campaign, she sustained that the government can’t stand in the way of business growth and development”.
On the other hand, business executives were shocked when President Trump used antitrust laws as a stick to get good press coverage.
Is Kamala Harris The True Choice?
Kamala Harris is for sure an unexpected but great turn for the Democratic Party. She received a lot of positive reactions and the endorsement from all the powerful public figures can’t be overlooked. For example, Beyonce is one of her biggest supporters. She even allowed Harris to lose her song, Freedom, in her political campaign. It was a great move for Harris, and she succeeded in targeting a younger audience. The song was also considered an anthem for the black communities and she also received a lot of support from them in the past few weeks.
Harris’s experience as a former prosecutor will help her a lot in the fight for the presidential chair. She managed to become the main character of these elections in just a couple of days, writing history. In just 24 hours she received an unbelievable number of endorsements from some of the most powerful people in the country. The fact that the American CEOs are also on her side is another sign that she strictly respects the rules.
Is not easy to fight with powerful men in politics and Kamala Harris has done a great job since she was officially endorsed by President Joe Biden. All her moves were strategically done and she succeeded in gaining the nation’s trust. If in the beginning it seemed almost impossible to beat Donald Trump, now, the tables have turned. The new question is: How will Trump face Harris’s powerful campaign?
Elon Musk is one of the last powerful figures from the business world that stays on Trump’s side and their live on X that will take place in the next period will be, for sure, entertaining! What are his plans? And how is he going to help Trump? I guess we’ll discover together really soon!
This year’s presidential elections are really interesting to follow. The future of our country depends on the choices that we make. So, get out and vote, no matter what! Your voice matters! Your ideas matter! Don’t let anyone else decide for yourself. Also, make sure you encourage all your friends and family to do the same. You can organize a pizza night and have fun on the election day. We recommend you also purchase some t-shirts from Amazon to make sure that you get into the spirit!Â
Are you interested in reading more about Kamala Harris? You can also check out this article found on our website: Kamala Harris Chose Tim Walz as Her VP – Here’s Why.
