Here's how business leaders are reacting to Trump's win
CBSN
Former President Donald Trump, now reelected to a second term, has vowed to enact business-friendly policies, including sharp corporate tax cuts, higher tariffs and swift deregulation.
He says he'll cut the corporate tax rate by 6%, from its current 21%, to 15%, leading to greater profitability for companies. Such a substantial cut would mark the sixth-biggest tax cut since 1940, according to a Tax Foundation analysis.
Trump's deregulatory agenda helped him gain support from some of the nation's most prominent business leaders. A number of nonprofits, particularly those supporting women's rights and other liberties that a Trump presidency threatens to take away, have also spoken out since his victory. Here's how CEOs, nonprofit leaders and business groups are reacting to Trump winning the election.
Former President Donald Trump is speaking early Wednesday morning at his Election Night headquarters in West Palm Beach, Florida, as Vice President Kamala Harris' path to victory narrows. Sen. JD Vance and Trump's family appeared on stage with him.
A couple in their 70s who served as election poll workers were among at least five people killed in Missouri after torrential rains caused flash flooding across the state.
Washington — Michigan is part of the so-called "blue wall" of Midwestern states that will be crucial for Vice President Kamala Harris to win if she wants to defeat former President Donald Trump in the 2024 presidential election.
Throughout Election Day and night, CBS News' Confirmed team will be fact checking reports of threats around voting today, voter fraud, election hacking, and more as the nation votes and waits to see whether Vice President Kamala Harris and former President Donald Trump will be the 47th president of the United States.
Leonard Glenn Francis, a former defense contractor convicted for masterminding an unprecedented bribery and fraud scheme targeting the U.S. Navy, was sentenced Tuesday in federal court to 15 years in prison. He was ordered to pay $20 million in restitution and a $150,000 fine, the Department of Justice announced.
Minneapolis musician Tyka Nelson, Prince's only full sibling, died Monday at North Memorial Health in Robbinsdale, Minnesota, her son President Nelson confirmed to The Associated Press. She was 64.
Some of the earliest U.S. presidents were also the wealthiest when they entered office. In the modern era, U.S. presidents typically amass the bulk of their wealth through media deals and appearance fees, after they leave office.
A pair of ruby slippers worn by Judy Garland in "The Wizard of Oz" are on the auction block nearly two decades after a thief stole the iconic shoes, convinced they were adorned with real jewels.
Harris and Trump both want major tax changes. Here's what they're proposing — and the impact on you.
Vice President Kamala Harris and former President Donald Trump are both proposing tax changes that would rank among the largest in U.S. history, but their plans would impact very different groups of Americans by providing tax credits and cuts to some taxpayers, while raising taxes on others.
U.S. lawmakers have come a long way since making $6 a day in 1789, but their six-figure annual salary has remained frozen in time since 2009.
