CEOs receive a pitch from Harris allies about her potential benefits for business.

CEOs receive a pitch from Harris allies about her potential benefits for business.
CEOs receive a pitch from Harris allies about her potential benefits for business.
  • The business community is rallying behind Vice President Kamala Harris by advocating for the backing of influential CEOs at the Democratic National Convention.
  • In private gatherings and conferences in Chicago, those close to Harris who hold high-level positions have been advocating that she would be a superior president for business compared to Donald Trump.

People close to Vice President Kamala Harris are privately lobbying CEOs to support her instead of former President Donald Trump, sources claim.

During the Democratic National Convention, executives from finance, tech, and law sectors received a message from corporate executives close to Harris at private parties and meetings.

According to their pitch, a Harris presidency would be beneficial for business because she aims to strengthen the economy and improve the lives of the middle class. Additionally, they argue that a Harris administration would offer businesses a level of certainty on public policy matters that would be lacking in a Trump White House.

To protect the privacy of those involved, conversations were described using anonymous sources.

The discussions at a Tuesday party for tech executives and New York Democratic lawmakers partially centered on strategies to attract major tech players to support Harris, even those who lean more towards the GOP than Democrats. In attendance was Senate Majority Leader Chuck Schumer, D-N.Y.

The event took place at Chicago's Bunker., which was organized by Tech:NYC, a tech industry group comprising of , , , Union Square Ventures and Yahoo as its founding members.

Another topic that frequently arises this week is the potential positions that may need to be filled in a Harris administration.

On Wednesday at The Peninsula Chicago hotel, Sen. Kirsten Gillibrand, D-N.Y. spoke with businessman and longtime Harris ally Charlie Phillips and expressed her belief that he should hold a position in the Harris Treasury Department.

A person familiar with the matter revealed that CEO Jamie Dimon is being discussed as a potential Treasury secretary in a Harris administration.

A JP Morgan Chase representative declined to comment on the speculation.

Harris' campaign already has a significant amount of funds, but any additional support from CEOs could further boost her campaign war chest.

An attendee reported that Charles Myers, the vice chair of Evercore and Harris fundraiser, hosted a briefing for approximately 60 CEOs and CFOs at the University of Chicago Booth School of Business on Tuesday.

According to the source, the panel included Gene Sperling, a campaign advisor for Harris, and Rebecca Patterson, a former chief investment strategist at Bridgewater Associates.

This person explained that the panel's message was that Trump's economic plan of higher tariffs and undermining Fed independence will seriously diminish established trade deals between the U.S. and their allies.

If Trump returns to the White House, he intends to impose a minimum 10% tariff on goods from various countries and believes that the president should have some say in setting interest rates, which may conflict with the Federal Reserve's independence.

According to an attendee, a similar panel was led by Commerce Secretary Gina Raimondo and a former commerce secretary, Penny Pritzker, with Blackstone vice chairman Tom Nides also present.

Pritzker stated during a Bloomberg event at the convention that Harris is more interested in collaborating with both business and labor groups. She added that Corporate America is intrigued and receptive to working with her, and she intends to utilize this opportunity.

After releasing her economic policy plan last week, Harris launched a lobbying campaign to secure corporate support.

The plan aims to create 3 million affordable housing units, prohibit "price gauging" in the grocery industry, and offer a $6,000 tax credit to families with newborn children.

The nonprofit budget hawks estimate that Harris' plan would raise deficits by $1.7 trillion over the next 10 years, according to a new report from the Committee for a Responsible Federal Budget.

After the report, Harris suggested increasing the corporate tax rate from 21% to 28% in order to fund her proposals.

To implement Harris' economic plan, Democrats need to have a majority in both the House and Senate.

The purpose of the Democratic Congressional Campaign Committee fundraiser on Tuesday was to aid Democrats in flipping the House.

According to a person who was at the meeting, lawmakers informed potential donors that in order for any of Harris' plans to be implemented, Democrats must regain control of the House.

Fmr. American Express CEO: Harris understands importance of being pro business and pro worker
by Brian Schwartz

Politics