The ascension of Kamala Harris as the likely Democratic nominee for President has sparked a wave of excitement within her party, but what may come as a surprise is the level of enthusiasm among CEOs. Through numerous conversations with top executives, it has become clear that Harris’ candidacy is met with optimism and anticipation, unlike Trump’s lack of support from Fortune 100 CEOs, and Biden’s lukewarm reception.
Here are seven key business and economic policy areas where top CEOs see the potential for a Harris presidency:
Protecting the rule of law for fair play
CEOs value the rule of law over the law of rulers and see Harris, with her background as a former prosecutor, as a leader who will prioritize centrist governance, constructive problem-solving, and collaboration over vilification. Harris is unlikely to repeat the excessive partisan interventions seen under both parties, providing a stable environment for businesses to thrive.
Measured antitrust enforcement for American capitalism
Harris’ approach to antitrust enforcement is seen as balanced and measured compared to the current climate. Business leaders are hopeful for a shift away from the weaponization of antitrust and the overreach that has occurred in recent years under different administrations.
Balanced regulation incentivizes innovation
Businesses appreciate regulation when it is fair and measured, as it ensures the needs of society are met while allowing for innovation. Harris’ track record of enforcing regulations collaboratively with industry executives bodes well for a balanced regulatory environment that fosters innovation.
Trade and foreign policy for national security and global markets
Harris understands the importance of maintaining access to global markets and stable foreign policy. CEOs are hopeful for a more strategic approach to trade and foreign policy under a Harris presidency, moving away from unpredictable tariffs and threats that can harm both economic stability and national security.
Fair taxation to address federal debt challenges
Business leaders see an opportunity for Harris to bridge gaps in tax policies by creating fair taxation that keeps the American dream alive while addressing federal debt challenges. CEOs are wary of erratic tax proposals that could lead to unsustainable levels of debt, and are optimistic about Harris’ potential to find middle ground in tax policy.
Immigration policy for innovation and economic growth
While immigration policy presents a challenge for Harris, CEOs appreciate the economic and cultural value that skilled legal immigrants bring. Business leaders are hopeful for a more nuanced approach to immigration policy that recognizes the contribution of legal immigrants to American businesses.
All-the-above energy policies for increased demand and climate goals
Harris’ problem-solving instincts position her well to navigate a middle course on energy policy. Business leaders see potential for a gradual energy transition under Harris, balancing the need for affordable energy with progress towards climate goals.
As the business community continues to show increasing support for Harris, it is evident that her candidacy offers a fresh perspective on key business and economic policy challenges. With a focus on collaboration, balanced regulation, and innovation, Harris has the potential to address the top concerns of the nation’s business leaders. Vice President Harris’ experiences and outlook demonstrate a commitment to building bridges across sectors and communities, including the business community.
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