Business Leaders Unite: Why Kamala Harris is the Presidential Choice for the American Economy

Business leaders from across the country have thrown their weight behind Vice President Kamala Harris, citing her ability to nurture the private sector and support the continued strength and security of the American economy. In a three-page letter, 88 high-profile executives, including James Murdoch, Mark Cuban, and Reid Hoffman, emphasized that Harris is the stronger candidate for the economy and the future of democracy. But what if this assumption is wrong? What if the authors have missed a crucial point? Harris has positioned herself as perhaps friendlier to business than President Joe Biden, outlining her economy policy platform which includes tax relief for small businesses. However, her proposal to increase the long-term capital gains tax rate to 28% for wealthy Americans may raise eyebrows. Is this a departure from Biden's 2025 budget, or is it a calculated move to appeal to a broader audience? The signees of the letter argue that Harris advanced "actions to spur business investment in the United States and ensure American businesses can compete and win in the global market. " But what about the concerns of those who argue that Harris's policies will benefit only the wealthy and big corporations? Is it possible that Harris's administration will prioritize the interests of the private sector over those of the American people? The endorsement by business leaders comes as Harris and former President Donald Trump appear neck and neck ahead of the November election. The letter is a vote of confidence for Harris as she prepares for the September 10 ABC presidential debate. But what does this mean for the future of American democracy? Will Harris's administration truly prioritize the interests of the American people, or will it continue to serve the interests of big business and the wealthy? The letter also highlights the divide between business leaders and Trump, who has gained the support of some prominent CEOs, including Elon Musk. What does this say about the state of American politics and the role of business in shaping public policy? Is it possible that the interests of big business and the American people are fundamentally at odds, or can they be reconciled through effective governance?