The Business Roundtable plans to drop significant funding to ensure that Donald Trump's 2017 tax cuts, which mainly favor big corporations and the wealthy, do not expire in 2025.
Despite the lack of money trickling down to average workers post-tax cuts, corporations have mostly utilized the saved funds for stock buybacks, boosting CEO compensation.
Extending Trump's tax cuts as the Business Roundtable advocates could cost $4tn over the next decade, leading to a substantial increase in national debt.
CEOs thriving under the Biden administration are still supporting Trump, raising questions whether their alignment with Trump stems purely from ideology.
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