Donald Trump or Kamala Harris? Dozens of business leaders have publicly displayed their support for one of the American candidates, while companies have generously contributed to their campaigns.
Kamala Harris and Donald Trump are still neck and neck according to the polls just three days before the American presidential election. Some executives and companies have already made their choice between the Democratic representative and her Republican opponent. In a letter published by CNBC 88 business leaders show their support for the current vice-president. They include CEOs of publicly traded companies such as Michael Lynton, chairman of Snap or Jeremy Stoppelman, CEO of Yelp.
James Murdoch, former CEO of 21st Century Fox, Chris Larsen, co-founder of the blockchain platform. Ripple or Lynn Forester, General Manager of Rothschild are also among the signatories. For these businessmen and women, the choice of Kamala Harris as President of the United States represents “the best way to support the continued strength, security and reliability of our democracy and economy.”. A view shared by a dozen of the economic players whose names appear in the letter, namely Tony James, former President and Chief Operating Officer of BlackstoneBruce Heyman, former Managing Director of Private Wealth Management Goldman Sachs or Peter Orszag, CEO of Lazardfinancial advisory and asset management group.
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“A healthy business environment”
Some of the Democratic candidate’s measures have convinced these big names in the American economic sphere, such as her proposal to support VSEs and SMEs by multiplying their start-up tax deduction tenfold, up to $50,000. “Kamala Harris would continue to promote fair and predictable policies that support the rule of law, stability and a healthy business environment.”add the 88 signatories of the letter.
For his part, Donald Trump has pledged to reduce the corporate tax rate from 21% to 15% for companies that manufacture their products in the USA. This was enough to convince other leading figures in the business world, such as Cantor Fitzgerald CEO Howard Lutnick, as well as Elon MuskChairman and CEO of Tesla and Space X, who has posted countless messages on his social network X in support of the project. The South African’s activities are so diverse that it’s hard to estimate the amount donated. Former PayPal COO David Sacks and Gemini co-founders Tyler and Cameron Winklevoss also showed their support for Donald Trump.
A “pro-bitcoin” president
Valuable supporters, some of whom have also reached into their pockets to fund the campaigns of both candidates. Kamala Harris received $23.7 million from Michael Bloombergbusinessman and former mayor of New York, and $20.8 million from Reid Hoffman, one of the founders of LinkedInaccording to Forbes . Companies, too, have paid handsomely for headliners, according to Quiver Quantitative, a company specializing in data collection. According to end-of-September figures, Kamala Harris received nearly $1.5 million from Google, $740,000 from Microsoft and tens of thousands of dollars from Apple and Oracle, NvidiaNetflix, Amazon or Facebook.
While the tech sector is leaning towards the Democratic candidate, Donald Trump is reaping the benefits of donations from the airline industry. American Airlines provided him with $134,000, in addition to donations from Boeing (which also contributed to Kamala Harris’s campaign), United Airlines and Delta Airlines. To win back voters close to new technologies, the former US president has targeted cryptocurrency aficionados. Last July, he presented himself as the “pro-innovation, pro-bitcoin president America needs.”. “Bitcoin represents freedom, sovereignty and independence from government coercion and Biden-Harris administration control.”said the Republican candidate. However, in 2019, Donald Trump showed a certain defiance, declaring that he was not “a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on a vacuum.”.