Vice President Kamala Harris has received a wave of endorsements from eighty-eight prominent figures in the corporate world, bolstering her presidential ambitions. In a letter shared exclusively with CNBC, these executives expressed their belief that electing Harris as president would be the “best way to support the continued strength, security, and reliability of our democracy and economy.”
The endorsers, who include CEOs of major public companies like Aaron Levie of Box Inc., Jeremy Stoppelman of Yelp Inc., and Michael Lynton of Snap Inc., believe Harris will implement policies that support a stable business environment. Other notable figures joining the list of Harris supporters include James Murdoch, former CEO of 21st Century Fox, and Chris Larsen, co-founder of Ripple.
This outpouring of support from the business community comes at a critical time as Harris has proposed several tax reforms, prompting discussions among industry leaders. Her plan to impose an unrealized gains tax on the ultra-wealthy has caused unease among Silicon Valley investors. Additionally, Harris has proposed raising the corporate tax rate to 28%, a move that would partially reverse former President Donald Trump’s 2017 tax cuts.
Harris’s commitment to economic stability and her focus on fair tax policies have resonated with these business leaders. Their endorsements demonstrate a belief that Harris’s presidency would foster a strong and predictable business environment, crucial for economic growth and stability.
