Over 90 established, corporate executives, including the chief executive officers of Yelp and Chobani as well as the former CEOs of giant firms such as PepsiCo, Ford Motor Co, and Yahoo, to name but a few, are backing Kamala Harris, the U. S. Vice-President. Their endorsement comes at this time when Harris will be contesting former President Donald Trump in the forthcoming Nov. 5th} presidential election.
Many sports, financial, and technology tycoons joined the calls in support of Harris, making more and more claims about her capacity for boosting the U. S. economy and protecting its democratic institutions.
“Harris has a good track record on driving initiatives to promote business investment in the United States and guarantee US businesses can effectively compete in the global market,” the executives said in a letter, as reported by CNBC. They applauded her for her efforts in the promotion of ‘pro-business, political stability, transparency and predictability’ and her leadership to ensure every citizen achieves the American dream.
Some of the personalities that supported Harris included billionaire businessman Mark Cuban former 21st century Fox CEO James Murdoch, and former basketballer Earvin “Magic” Johnson. Apple co-founder Laurene Powell Jobs, who is the founder of the Emerson Collective and widow of Steve Jobs, also joined other leaders of companies such as Merck, Aetna, Go Daddy, Black Stone, and Starbucks and all of them signed the letter.
While the election is still around the corner, both Harris and Trump have provided policies to the American public as to how the economy of the United States will look like in their term. These are tax cuts that most Americans stand to gain from, concern over rising grocery prices, affordable housing, and new child tax credit which are some of the priorities that Harris holds dearly. She also intends to increase the corporate tax from 21% to 28% a policy supported by several key labor unions.
On the other hand, Trump has been campaigning on the corporate tax cut to 15%, hiring Elon Musk to audit the U. S. government and to open more large-scale housing tracts on national lands. He also says there ought to be a national emergency to reduce the hurdles that face energy projects.
Although some voters can be strongly oriented to the economy, the preservation of the democratic institutions of the United States also acts as a very important factor for some of them. This election may turn out to potentially shape the nation’s economic and political future as early voting is shortly scheduled to commence in some of the states.
According to Goldman Sachs analysts, they expect that implementing more tariffs and limited immigration rates could slow down economic growth in case of Trump’s victory. On the other hand, they expected that Harris’s presidency build higher job growth and improve the U. S. economy by a little bit more than 1 percent.
This support from these business leaders brings out the risks of this important election and the need to focus on the economic proposals of the contenders.