American CEOs are thrilled with Trump

There is perhaps no greater compliment CEOs can give Trump than this: U.S. businesses now expect to hire more workers and sell more stuff in the next six months because executives are optimistic about Trump’s agenda. “America’s business leaders are encouraged by President-elect Trump’s pledge to boost economic growth,” says Doug Oberhelman, CEO of Caterpillar (CAT) and chair of the Business Roundtable, a major business advocacy group that says it has been talking with the transition team.

Key Takeaways:

  • Businesses now expect to hire more workers and sell more stuff in the next six months because executives are optimistic about Trump’s agenda.
  • Oberhelman gave a big thumbs up to Trump’s plans to cut corporate taxes, spend more on infrastructure and scale back regulation.
  • Trump went after Boeing (BA) saying he wants to cancel the government’s contract to build a new air force one because costs are “out of control.”

“There is perhaps no greater compliment CEO s can give Trump than this: U.S. businesses now expect to hire more workers and sell more stuff in the next six months because executives are optimistic about Trump’s agenda.”

http://money.cnn.com/2016/12/06/news/economy/donald-trump-ceos/index.html

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.