President Joe Biden has been reaching out to corporate America for advice on bolstering the economy, the same group he has accused of price gouging consumers and ripping off the country. Former President Donald Trump, the presumptive Republican nominee, thinks the business community is on his side heading into the November election. What do businesses – small and large – have to say about the two men vying for another term in the White House?
Will Wall Street pick a candidate in the 2024 election? Like any good market watcher, businesses are conducting a cost-benefit analysis to determine which man they should support later this year.
The incumbent, he showered domestic and foreign corporations with generous taxpayer-funded subsidies while demanding they pay their fair share and hurling accusations of “shrinkflation” and “greedflation.” As for the real estate billionaire mogul, Trump signed the landmark Tax Cut and Jobs Act and cut red tape, but he also stimulated the heartburn remedy industry through his on-again, off-again trade wars with America’s neighbors, Europe, and China. […]
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