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 firms. Such a considerable lower would mark the sixth-biggest tax lower since 1940, in response to a Tax Basis evaluation.
Trump’s deregulatory agenda helped him achieve assist from a number of the nation’s most distinguished 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 thousands and thousands into serving to Trump get elected, and whom Trump talked about in his victory speech, praised the election final result in a press release on X Wednesday.
“The folks of America gave @realDonaldTrump a crystal clear mandate for change tonight,” he mentioned.
Marc Andreessen
Marc Andreessen, co-founder and basic associate of Andreessen Horowitz, a Silicon Valley enterprise capital agency, echoed a put up by Musk on X which mentioned, “America is a nation of builders. Quickly, you may 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.
“Large 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 a press release. “We look ahead to working with members of each events to advocate for insurance policies that create an surroundings 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 searching for to eradicate the tip credit score, which lets employers rely staff’ ideas towards the minimal wage.
“In Massachusetts, voters overwhelmingly supported tipped staff and restaurant homeowners by rejecting a misguided proposal to eradicate 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 likely be a precedence for the Trump-Vance administration in 2025 and past,” AAM President Scott Paul mentioned. “Meaning a continued strategic software of tariffs; good investments in trade, innovation, and infrastructure; increasing Purchase America procurement insurance policies and tax guidelines to spur home manufacturing; and boosting apprenticeships and employee coaching applications.”
Plan C
Plan C, a nonprofit that gives data to assist entry abortion remedy within the U.S., referred to 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 a press release Wednesday.
“I am horrified to be yet one more Trump administration, and anticipate that this iteration will likely be a lot worse for abortion seekers than his first,” Plan C co-founder Elisa Wells mentioned. “However abortion tablets are right here to remain. Neighborhood distribution networks and abroad suppliers will stay intact, and abortion tablets will proceed to come back into the nation.”
Nationwide Ladies’s Regulation Middle Motion Fund
The Nationwide Ladies’s Regulation Middle (NWLC) Motion Fund, a nonprofit devoted to gender justice, referred to as Trump’s win “a darkish day for our democracy.”
The middle urged its supporters to “do not forget that Donald Trump is just not a king. He isn’t a dictator. He’s one department of our democratic authorities, and he and his administration will be stored in verify as long as the folks, our establishments and those that maintain energy refuse to bow to his authoritarian tendencies.”
