Corporate America is finally divorcing Trump
Lured by his promises of fat tax cuts and deregulation, Corporate America enthusiastically backed President Donald Trump following his shocking 2016 victory.
But the relationship broke down as Trump failed to condemn racism, attacked major American companies, ignored the climate crisis and imposed tariffs. And the divorce was completed in spectacular fashion this week after Trump incited an angry mob that assaulted the US Capitol.
When Trump took office, the business community initially praised the self-styled CEO president’s pro-business agenda: In late 2016, the influential lobbying group Business Roundtable cheered Trump’s economic team and tax cut promises. The following year Jay Timmons, CEO of the National Association of Manufacturers, urged lawmakers to back Trump’s infrastructure plan and said “all of Congress needs to get onboard the ‘Trump train.”