Much of the country is divided on whether President Donald Trump’s election promises will translate to stronger businesses and lower living costs. However, it looks like a majority of CEOs have managed to find common ground.
Executive coaching company Vistage surveyed over 1,400 U.S. small and midsize business CEOs following the presidential election, revealing that 55% of executives believe the economy will improve in 2025. In fact, 65% of CEOs anticipate tax policy changes under Trump — like reducing the corporate tax rate on domestic production and extending the 2017 Tax Cuts and Jobs Act — will positively impact their businesses. Meanwhile, 44% of CEOs believe new labor and employment laws will boost their business. With Trump promises including overtime pay being scaled back on the federal level, paid leave remaining a state issue or federal minimum wage likely remaining at or near $7.25/hour, CEOs may find themselves budgeting less in labor and compliance costs.
