Thirteen months from now, $4 trillion in tax increases will take place if Congress doesn’t renew the Tax Cuts & Jobs Act. The business world is ready, flexing its muscles in Congress and preparing to push hard for its interests once President-elect Donald Trump enters the White House.
But what the industry may find is that President Trump 2.0 has different priorities than the Trump who pushed the TCJA through in 2017. The anti-corporate, worker-focused coalition that carried him into office for a second time rejects traditional narratives prioritizing business profits and stock prices, especially as grocery prices and inflation remain high.
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