Ultrawealthy corporate CEOs have a good reason to love Donald Trump’s 2017 tax policy, which was written with them in mind. But Trump’s rich-guy tax break didn’t deliver the promised economic benefits and has cost the nation trillions. If it’s extended, as Republicans want, it will cost trillions more.
The CEOs are okay with that. They are also likely just fine with the Project 2025 tax plan, which includes even more enormous gifts for the wealthy while settling the cost of government on working and middle-class Americans. That’s all good to the CEOs.
What seems to worry them is Trump selecting Ohio Sen. JD Vance as his running mate. Vance has been selling himself as a populist. Not a racist who just finds “populism to be a more friendly label. But a real populist—one who has even teamed up with corporate bogeywoman Sen. Elizabeth Warren on a bill to claw back bonuses awarded to executives at failed banks.
