Here's how business leaders are reacting to Trump's win

Former President Donald Trump, now reelected to a 2nd term, has vowed to enact business-friendly policies, including crisp firm taxation cuts, higher tariffs and swift deregulation.

He says he'll cut nan firm taxation complaint by 6%, from its existent 21%, to 15%, starring to greater profitability for companies. Such a important trim would people nan sixth-biggest taxation trim since 1940, according to a Tax Foundation analysis. 

Trump's deregulatory schedule helped him summation support from immoderate of nan nation's astir salient business leaders. A number of nonprofits, peculiarly those supporting women's authorities and different liberties that a Trump presidency threatens to return away, person besides spoken retired since his victory. Here's really CEOs, nonprofit leaders and business groups are reacting to Trump winning nan election. 

Elon Musk

Elon Musk, who campaigned for Trump, poured millions into helping Trump get elected, and whom Trump mentioned successful his triumph speech, praised nan predetermination result successful a connection connected X Wednesday. 

"The group of America gave @realDonaldTrump a crystal clear instruction for alteration tonight," he said. 

Marc Andreessen

Marc Andreessen, co-founder and wide partner of Andreessen Horowitz, a Silicon Valley task superior firm, echoed a station by Musk connected X which said, "America is simply a federation of builders. Soon, you will beryllium free to build."

"It's clip to build," Andreessen posted.

Jeff Bezos

Amazon CEO Jeff Bezos was besides speedy to praise Trump's win. 

"Big congratulations to our 45th and now 47th President connected an bonzer governmental comeback and decisive victory. No federation has bigger opportunities. Wishing @realDonaldTrump each occurrence successful starring and uniting nan America we each love," he wrote connected X Wednesday. 

National Restaurant Association

"We congratulate President-elect Donald J. Trump and Vice President-elect J.D. Vance, and nan recently elected members of nan U.S. Senate and House," National Restaurant Association president and CEO Michelle Korsmo said successful a statement. "We look guardant to moving pinch members of some parties to advocator for policies that create an situation wherever restaurants tin thrive arsenic a cornerstone of our communities and our economy."

Korsmo besides weighed successful connected a Massachusetts ballot measurement seeking to destruct nan extremity credit, which lets employers count workers' tips toward nan minimum wage.

"In Massachusetts, voters overwhelmingly supported tipped labor and edifice owners by rejecting a misguided connection to destruct nan extremity credit. The decisive ballot successful Massachusetts continues an unbroken streak for tipped labor and edifice operators who person fought for their tipped wage," Korsmo said. 

Alliance for American Manufacturing

The nonpartisan nonprofit committed to strengthening nan manufacturing assemblage issued a hopeful connection pursuing President-elect Trump's victory.

"We dream that American manufacturing jobs will beryllium a privilege for nan Trump-Vance management successful 2025 and beyond," AAM President Scott Paul said. "That intends a continued strategical exertion of tariffs; smart investments successful industry, innovation, and infrastructure; expanding Buy America procurement policies and taxation rules to spur home production; and boosting apprenticeships and worker training programs."

Plan C

Plan C, a nonprofit that provides accusation to thief entree abortion medicine successful nan U.S., called Trump's triumph a "disaster" for reproductive rights, but said that "abortion is present to stay." 

"Donald Trump's 2nd management is an incoming disaster for reproductive justice. While we tin expect nan worst for abortion rights, we besides cognize that nary matter what, abortion is present to stay," nan group said successful a connection Wednesday. 

"I'm horrified to beryllium looking astatine yet different Trump administration, and expect that this loop will beryllium overmuch worse for abortion seekers than his first," Plan C co-founder Elisa Wells said. "But abortion pills are present to stay. Community distribution networks and overseas providers will stay intact, and abortion pills will proceed to travel into nan country."

National Women's Law Center Action Fund 

The National Women's Law Center (NWLC) Action Fund, a nonprofit dedicated to gender justice, called Trump's triumph "a acheronian time for our democracy."

The halfway urged its supporters to "remember that Donald Trump is not a king. He is not a dictator. He is 1 branch of our antiauthoritarian government, and he and his management tin beryllium kept successful cheque truthful agelong arsenic nan people, our institutions and those who clasp powerfulness garbage to front to his authoritarian tendencies."