American Businesses Call On Leaders In Washington To Enact Pro-Growth Policies To Strengthen U.S. Economy
High inflation hurts families and businesses alike, as increased production costs and rising prices have created significant financial pressure. Economic policies that further raise costs add to the burden and disrupt the economy. A growing number of business leaders are urging Congress and the Trump Administration to consider policies that grow the economy, such as tax reform, deregulation and investment in job creation. Read what they are saying:
Jim Farley, CEO, Ford Motor:
“President Trump has talked a lot about making our U.S. auto industry stronger, bringing more production here, more innovation to the U.S., and if this administration can achieve that, it would be one of the most signature accomplishments. So far, what we’re seeing is a lot of cost and a lot of chaos.” (Fox Business, 2/11/25)
Chuck Robbins, CEO, Cisco:
“With Washington poised to consider measures that can protect and strengthen tax reform, enable a sensible regulatory environment and drive investment and job creation, business leaders are energized by the opportunity to engage the incoming administration and Congress on policies that can further fuel our economy.” (CFO Dive, 12/10/24)
Ed Bastian, CEO, Delta Air Lines:
“[President Trump promised] to take a fresh look at the regulatory environment, the bureaucracy that exists in government, the level of overreach that we have seen over the last four years within our industry. I think that will be a breath of fresh air.” (The Associated Press, 11/20/24)
Robert Jordan, CEO, Southwest Airlines:
“We work well with every administration, but obviously there’s a lot of thought going in right now with what the change means … I think it’s constructive in a lot of ways. Obviously, the tax efforts I think are constructive. The regulatory environment I hope is also more constructive for the industry.” (Yahoo Finance, 12/13/24)
Arvind Krishna, Chairman & CEO, IBM:
“Business does a lot better when uncertainty goes away. We are hopeful there will be more innovation and less regulation. Both are good for businesses across the board.” (Forbes, 11/24/24)
Kathy Wengel, Executive Vice President, Chief Technical Operations & Risk Advisor, Johnson & Johnson:
“Maintaining competitive tax policy is essential to sustaining this momentum … By preserving tax reform and its pro-growth policies that empower our industry, we can ensure a stronger, more resilient economy that benefits all Americans.” (National Association of Manufacturers, 1/14/25)
Suzanne Clark, President & CEO, U.S. Chamber of Commerce:
“[I]f the competitive tax provisions of 2017 are allowed to expire this year, the largest federal tax hike in American history will be very real and personal for people and local communities. Higher taxes decrease spending power, depress wages, discourage investment in job-creating projects, and drive companies to relocate to more competitive markets overseas, taking jobs and economic activity out of the U.S. Over the past year, we have been educating new members of Congress on the high stakes – 60% of lawmakers were not in office when Republicans passed pro-growth tax reform, and it’s critical they understand what these policies will mean for the people they represent.” (U.S. Chamber of Commerce, 1/16/25)
Drew Maloney, CEO, American Investment Council (AIC):
“We encourage the Trump Administration and Congress to keep this sound tax policy in place and unleash more long-term investment that supports jobs, workers, small businesses, and local communities.” (CBS News, 2/7/25)
Jay Timmons, President & CEO, National Association of Manufacturers (NAM):
“Pro-growth tax policies from President Trump’s 2017 tax reforms were rocket fuel for manufacturers and made the U.S. economy more competitive on a global scale. Manufacturers kept our promises to create jobs, raise wages and benefits and invest in our community. By acting now, policymakers can choose economic growth over economic disaster and protect American livelihoods.” (National Association of Manufacturers, 1/14/25)
Jeff Brabant, Federal Government Relations Vice President, National Federation of Independent Business (NFIB):
“[NFIB Members are] hopeful there will be less burdensome regulations, and they’re hopeful that they’re not going to see a massive tax increase at the end of next year.” (WDSU News, 11/30/24)