Former President Donald Trump, now reelected to a second time period, has vowed to enact business-friendly insurance policies, together with sharp company tax cuts, larger tariffs and swift deregulation.
He says he’ll lower the company tax charge by 6%, from its present 21%, to fifteen%, resulting in larger profitability for corporations. Such a considerable lower would mark the sixth-biggest tax lower since 1940, in keeping with a Tax Basis evaluation.
Trump’s deregulatory agenda helped him achieve assist from among the nation’s most outstanding enterprise leaders. A lot of nonprofits, significantly these supporting ladies’s rights and different liberties {that a} Trump presidency threatens to remove, have additionally spoken out since his victory. This is how CEOs, nonprofit leaders and enterprise teams are reacting to Trump successful the election.
Elon Musk
Elon Musk, who campaigned for Trump, poured tens of millions into serving to Trump get elected, and whom Trump talked about in his victory speech, praised the election consequence in an announcement on X Wednesday.
“The individuals of America gave @realDonaldTrump a crystal clear mandate for change tonight,” he mentioned.
Marc Andreessen
Marc Andreessen, co-founder and normal companion of Andreessen Horowitz, a Silicon Valley enterprise capital agency, echoed a submit by Musk on X which mentioned, “America is a nation of builders. Quickly, you can be free to construct.”
“It is time to construct,” Andreessen posted.
Jeff Bezos
Amazon CEO Jeff Bezos was additionally fast to reward Trump’s win.
“Huge congratulations to our forty fifth and now forty seventh President on a rare political comeback and decisive victory. No nation has larger alternatives. Wishing @realDonaldTrump all success in main and uniting the America all of us love,” he wrote on X Wednesday.
Nationwide Restaurant Affiliation
“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 Home,” Nationwide Restaurant Affiliation president and CEO Michelle Korsmo mentioned in an announcement. “We sit up for working with members of each events to advocate for insurance policies that create an setting the place eating places can thrive as a cornerstone of our communities and our financial system.”
Korsmo additionally weighed in on a Massachusetts poll measure in search of to get rid of the tip credit score, which lets employers rely employees’ ideas towards the minimal wage.
“In Massachusetts, voters overwhelmingly supported tipped staff and restaurant house owners by rejecting a misguided proposal to get rid of the tip credit score. The decisive vote in Massachusetts continues an unbroken streak for tipped staff and restaurant operators who’ve fought for his or her tipped wage,” Korsmo mentioned.
Alliance for American Manufacturing
The nonpartisan nonprofit dedicated to strengthening the manufacturing sector issued a hopeful assertion following President-elect Trump’s victory.
“We hope that American manufacturing jobs will probably be a precedence for the Trump-Vance administration in 2025 and past,” AAM President Scott Paul mentioned. “Meaning a continued strategic utility of tariffs; good investments in business, innovation, and infrastructure; increasing Purchase America procurement insurance policies and tax guidelines to spur home manufacturing; and boosting apprenticeships and employee coaching packages.”
Plan C
Plan C, a nonprofit that gives info to assist entry abortion remedy within the U.S., known as Trump’s win a “catastrophe” for reproductive rights, however mentioned that “abortion is right here to remain.”
“Donald Trump’s second administration is an incoming catastrophe for reproductive justice. Whereas we are able to anticipate the worst for abortion rights, we additionally know that it doesn’t matter what, abortion is right here to remain,” the group mentioned in an announcement Wednesday.
“I am horrified to be yet one more Trump administration, and anticipate that this iteration will probably be a lot worse for abortion seekers than his first,” Plan C co-founder Elisa Wells mentioned. “However abortion capsules are right here to remain. Group distribution networks and abroad suppliers will stay intact, and abortion capsules will proceed to come back into the nation.”
Nationwide Girls’s Legislation Heart Motion Fund
The Nationwide Girls’s Legislation Heart (NWLC) Motion Fund, a nonprofit devoted to gender justice, known as Trump’s win “a darkish day for our democracy.”
The middle urged its supporters to “keep in mind that Donald Trump shouldn’t be a king. He’s not a dictator. He’s one department of our democratic authorities, and he and his administration could be stored in examine as long as the individuals, our establishments and people who maintain energy refuse to bow to his authoritarian tendencies.”