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Robert Reich: Trump At The Business Greedtable – OpEd

4 1
19.06.2024

The Business Roundtable is an association of more than 200 CEOs of America’s biggest corporations, their most powerful voice in Washington.

Last Wednesday, its chair, Joshua Bolten, told reporters that his group planned to drop “eight figures” while “putting its full weight behind protecting and strengthening tax reform.”

Translated: It’s going to pour money into Trump’s campaign to ensure that Trump’s 2017 tax cuts — most of which benefit big corporations and the rich — don’t expire in 2025, as scheduled.

On Thursday, Trump met at the Business Roundtable’s Washington headquarters with over 80 CEOs, including Apple’s Tim Cook, JPMorgan Chase’s Jamie Dimon, and Walmart’s Doug McMillon.

Trump reportedly promised the CEOs he’d cut corporate taxes even further and curtail business regulations if elected president.

Trump’s 2017 tax cuts reduced the rate of corporate income taxes from 35 percent to 21 percent. That has cost the nation $1.3 trillion. Those tax cuts, along with the tax cuts put in place by George W. Bush, are the........

© Eurasia Review


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