- Former President Donald , Trump , failed to impress people in a room full of top Directors this year, many visitors told CNBC.
- ” Trump , does n’t know what he’s talking about”, said one CEO who was in the room.
- Several CEOs” said that]Trump ] was remarkably meandering, could not keep a straight thought ]and ] was all over the map”, Andrew Ross Sorkin, co- host of CNBC’s” Squawk Box”, reported.
” Trump , does n’t know what he’s talking about”, said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump , did not explain how he planned to achieve any of his scheme ideas, that person said.
Several CEOs” said that]Trump ] was remarkably meandering, could not keep a straight thought ]and ] was all over the map”, CNBC’s Andrew Ross Sorkin reported Friday on CNBC’s” Squawk Box”.
According to two different people in the room who spoke to CNBC, one of the themes on which Trump offered little information was how he would lower fees and lower business requirements.
In order to communicate openly about the secret event, meeting attendees and those who spoke with them were given anonymity.
According to Sorkin, the exact CEOs who were offended by Trump’s lack of focus “walked in the gathering feeling like they might be leaning in that direction”
” These were people who I think might have been actually predisposed to]Trump but ] actually walked out of the room less predisposed” to him, Sorkin said.
” President , Trump , was enthusiastically received by everyone in the area and was commended for his policy ideas on deregulation and duty breaks”, said Steven Cheung, communications director for the , Trump , political campaign.
Trump’s energy , in the conference was also considerably subdued, according to two persons who were in the area. At no time during his remarks was there any visible clapping for , Trump, two guests told CNBC.
This was different from Trump’s earlier meet with House Republicans on Capitol Hill earlier in the day. Visitors from that conference told CNBC that the former president was upbeat and upbeat, and that Trump had received numerous sessions of applause on Thursday with both House and Senate Republicans.
Cheung said there was clapping for , Trump , during the Q- and- A part of the gathering, “where participants commended President , Trump , for his reform and tax reduce agenda”.
Trump’s minimal- key power at the Business Roundtable occasion could have been purposeful, one attendee told CNBC. Trump , had wanted the CEO meet to be “more like a company gathering than a speech”, the man said.
” At one point, he discussed his plan to bring the corporate tax rate down from 21 % to 20 % … and was asked about why he had chosen 20 %”, Sorkin said Friday on MSNBC’s” Morning Joe”. ” And he said,’ Well, it’s a square quantity.'”
” That to itself had a number of CEOs shaking their heads”, Sorkin reported.
In 2023, business income taxes contributed roughly$ 420 billion to national income, according to the Congressional Budget Office.
Under President Joe Biden’s violent antitrust enforcement, progressive tax policies, and pharmaceutical price caps, Wall Street has excelled for the past three years.
