America’s chief executive officers can’t relish taking on the Republican Party.
After all, a lot more of them are Republicans than Democrats. Republicans push for lower corporate taxes while Democrats do the opposite — witness President Joe Biden proposing to pay for his infrastructure bill in part with an increase in the corporate tax rate. Republicans don’t much care how much CEOs make; Democrats do. For years, the Chamber of Commerce backed Republican candidates and Republican legislation almost exclusively with nary a complaint from its big business membership.