Eighty-eight business leaders signed a letter on Friday endorsing Vice President Kamala Harris for president, highlighting a political realignment that has been unfolding since 2016.
Before former President Donald Trump was elected president, the Republican Party appeared to be the party of big business and corporate interests. Now, the Democratic Party has taken over that role under the banner of globalism and “democracy,” reinventing its political identity dating back to President Franklin D. Roosevelt and beyond.
“We support Kamala Harris as president of the United States,” the business leaders said. Written:
Her election is the best way to support the continued strength, security and reliability of our democracy and economy. With Kamala Harris in the White House, the business community can be sure it will have a president who wants American industry to thrive. As President Biden's partner, Vice President Harris has a proven track record of promoting action to encourage business investment in America and enable American companies to compete and win in the global marketplace. She will continue to promote fair and predictable policies that support the rule of law, stability and a healthy business environment, and strive to give every American the opportunity to pursue the American Dream.
The leaders who signed the letter are:
- James Murdoch, former CEO of 21st Century Fox and heir to the Murdoch empire
- Philanthropist Lynn Forester de Rothschild
- Ted Leonsis, owner of the NBA's Washington Wizards
- Jeffrey Katzenberg, founder and managing partner of Wndr and former chairman of Walt Disney Studios
- Philanthropist Laurene Powell Jobs
- Facebook co-founder Dustin Moskovitz
- Magic Johnson, NBA Hall of Famer and billionaire businessman
- Entrepreneur Mark Cuban
- Former LinkedIn CEO Reid Hoffman
A recent JL Partners/Daily Mail poll found that a majority of voters support the United States imposing a 10% tariff on all imports.
The issue of tariffs is one of the longest-running debates in U.S. history. Tariffs provide revenue to the federal government, act as a barrier against foreign competitors, and encourage domestic production in some industries.
As Breitbart News reported, the average tariff is Increased According to Douglas A. Irwin's Trade Policy in American Economic History, between 1790 and 1860, the average tariff rose to 60 percent and then fell to 20 percent. Between 1861 and 1933, the average tariff rose to 50 percent. After 1934, with the rise of an idea called “free trade,” tariffs fell to an average of about 5 percent.
Free trade sidelined tariffs in policy debates until 2016, when President Trump campaigned on an America First platform to protect American producers.
Some economists believe “free trade” is a radical idea created to benefit the global elite.
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Right Side Broadcasting Network
Wendell Fsebo is a political reporter for Breitbart News and a former Republican War Room analyst. The Politics of Slave MoralityFollow Wendell “X” @WendellHusebø or The truth of society @WendellHusebo.
