Over 90 Business Leaders Endorse VP Harris for 2024 Presidential Race
More than 90 prominent business executives have publicly endorsed Vice President Kamala Harris for the 2024 presidential election. The group cites Harris's economic policies and commitment to democracy as key factors in their support.
In a significant development for the upcoming 2024 U.S. presidential election, Vice President Kamala Harris has received endorsements from over 90 prominent business executives. This support comes as Harris prepares to face former President Donald Trump in the November 5 contest, highlighting the growing intersection of business and politics in America.
The endorsement letter, released on September 6, 2024, includes signatures from a diverse group of business leaders. Notable supporters include the current CEOs of Yelp and Chobani, as well as former chief executives of major corporations such as PepsiCo, Ford Motor Co, and Yahoo!. The list also features billionaire Mark Cuban, former 21st Century Fox CEO James Murdoch, and basketball legend turned businessman Earvin "Magic" Johnson.
These executives express confidence in Harris's ability to strengthen the economy and uphold democratic principles. They commend her track record in promoting business investment within the United States and ensuring American companies remain competitive globally. The letter states:
"She will continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment, and she will strive to give every American the opportunity to pursue the American dream."
Harris's economic plan includes proposals to reduce taxes for most Americans, address grocery price gouging, improve housing conditions, and introduce new child tax credits. Additionally, she aims to increase the corporate tax rate from 21% to 28%. This approach has garnered support from key labor groups as well.
In contrast, Trump's economic proposals, as outlined in his recent address to the New York Economic Club, include lowering the corporate tax rate to 15% and appointing Elon Musk to audit the U.S. government. He also suggested opening national lands for large-scale housing construction and declaring a national emergency to eliminate regulations on energy projects.
Goldman Sachs analysts have weighed in on the potential economic impacts of both candidates. They predict that a Trump presidency might lead to decreased economic output in 2025, primarily due to increased import tariffs and stricter immigration policies. Conversely, they suggest that under a Harris administration, the United States could experience stronger job growth and a slight boost to GDP investment and growth.
As the election approaches, both candidates are intensifying their focus on economic issues, recognizing their significance to voters. With early voting set to commence in some states, the endorsement of Harris by these influential business leaders could play a crucial role in shaping public opinion and potentially influencing the outcome of this critical election.
