In a private meeting with CEOs, Trump shared his thoughts.

In a private meeting with CEOs, Trump shared his thoughts.
In a private meeting with CEOs, Trump shared his thoughts.
  • At least 80 CEOs gathered with Donald Trump to discuss his proposal for reducing taxes and streamlining business regulations if he becomes president.
  • JP Morgan Chase CEO Jamie Dimon and Apple CEO Tim Cook were among the crowd.
  • Sources reported that the CEOs laughed when Trump shared a story about tipped workers' excitement over his proposal to not tax their wages.

On Thursday in Washington, at least 80 CEOs met with Donald Trump, receiving a clear message from him: should he be re-elected president in November, they can expect tax cuts and reduced business regulations.

According to sources, Trump stated during a meeting that if he remains in the White House, he intends to reduce taxes, including income taxes, and reintroduce the economic policies he implemented during his first term.

According to multiple sources, Trump shared with CEOs a recent proposal he introduced in Nevada to remove taxes on worker tips. He recounted how thrilled tipped workers were about his plan, which elicited laughter from the corporate leaders.

At the Business Roundtable's quarterly meeting, Trump spoke for approximately an hour. The attendees included CEOs Tim Cook, Jamie Dimon, Jane Fraser, and Brian Moynihan.

Earlier in the day, Jeff Zients, President Joe Biden's chief of staff, spoke to the group, as per a source.

Anonymous CNBC sources spoke about a private gathering.

The company leaders were informed by a person in the room that Trump's message for the next four years would involve providing more of the same.

Neither the Trump campaign nor the Business Roundtable responded to requests for comment before publication.

The meeting aimed to repair relationships between Trump and the CEOs who had previously distanced themselves from him.

In 2017, business advisory groups were disbanded following Trump's attempt to equivocate on the "both sides" of protests in Charlottesville, Virginia, which featured white nationalists. On January 6, 2021, executives, including members of the Business Roundtable, urged Trump to stop the violence during the riot on Capitol Hill.

This president is not at the top of his game, as Trump pointed out.

A spokesperson for Cook declined to comment on whether he attended the meeting.

Earlier in the day, Trump discussed with a gathering of House Republicans the possibility of implementing an "all tariff policy" that would eventually lead to the elimination of the U.S. income tax.

by Brian Schwartz

Politics