Trump and Zients Offer Competing Visions to America’s Top CEOs on Economic Growth and Corporate Tax Policy

Former President Trump and White House Chief of Staff Jeff Zients recently presented competing visions to America’s top CEOs on how to utilize corporate tax policy and multilateral institutions for stable economic growth. This comes as the 2024 election approaches and corporate America prepares for a battle over taxes in 2025.

During separate appearances before the Business Roundtable, Trump and Zients made their pitches to the CEOs. Trump, interviewed by Larry Kudlow, pledged to reduce the corporate tax rate from 21% to 20%, building on his previous tax cuts from 2017. On the other hand, Zients, interviewed by Comcast CEO Brian Roberts, emphasized President Biden’s plan to raise corporate taxes to 28% to fund public investments in crucial industries.

The discussions highlighted the contrasting approaches of the two administrations, with Trump focusing on tax cuts to boost businesses’ bottom lines and Zients emphasizing the need for government revenue to support key industries. The subtext of Zients’ remarks suggested that a strong economy requires strong allies and institutions, contrasting Trump’s more unilateral approach.

The battle over tax policy and economic growth is set to be a key issue in the upcoming election, with both sides making their case to corporate leaders. The decisions made by these CEOs will play a significant role in shaping the business landscape and economic outlook for the country in the years to come.