New York (CNN Business) Lured by his promises of fat tax cuts and deregulation, Corporate America enthusiastically backed President Donald Trump following his shocking 2016 victory. But critics say business leaders should have condemned Trumpism far earlier and in some ways enabled him. By the end of 2017, Trump delivered by enacting sweeping corporate tax cuts that the White House promised would create a roaring economy. Trump's tax cuts had a greater impact on Wall Street than Main Street. The question now is whether business leaders will offer support to the Trump movement after his term ends January 20.

Source: CNN January 08, 2021 17:14 UTC