Corporate America Considers Throwing Support Behind Harris Despite Targeting Their Profits: REPORT

A considerable share of business leaders may be considering backing Vice President Kamala Harris despite concerns her economic policies could cut into their profits through oppressive taxes and regulations, according to the Financial Times.

The Harris campaign has garnered strong support from Democratic donors, lawmakers, and political figures and could now be attracting the backing of major businessmen who traditionally have thrown their support to Republicans, the Financial Times reported. The support is in spite of her recent economic plan that has called for both raising taxes on corporations and imposing restrictions on what businesses can do with their prices.

“In a matter of weeks, the business community has gone from readying itself for a Republican-run Washington to scenario planning for a wide range of outcomes,” Republican consultant Ken Spain told the Financial Times. “Many are hedging their bets given the volatility of the political environment.”

Despite Harris’ campaign not publishing a full policy platform on her website as of Monday, corporate CEO’s are allegedly considering supporting the vice president as they hope she’ll rethink Biden’s firm stances on competition, labor and financial services policy, according to the Financial Times.