“The Trump tax cut was fool’s gold.”
That was what former CEO of Starbucks Howard Schultz said yesterday, joining a mounting chorus of U.S. business leaders, trade groups, and corporate brands distancing themselves from President Trump in the aftermath of the storming of the U.S. Capitol, reports David Gelles of The New York Times. “People were seduced, and unfortunately decided for their own benefits and the benefits of their company, that this was the right thing to do,” Schultz said. As Gelles writes, a whole slew of CEOs presiding over corporate America and who stood by Trump over the past four years—condoning his racist policies and divisive rhetoric in hopes of gaining business favors—are having a moral reckoning with the “Faustian bargain” they struck with the president. For many, this overnight repudiation is too little, too late.
