WASHINGTON — Old President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s every ninety days meeting, multiple attendees told CNBC.
“Trump doesn’t know what he’s talking about,” said one CEO who was in the leeway, according to a person who heard the executive speaking. The CEO also said Trump did not explain how he planned to accomplish any of his policy propositions, that person said.
Several CEOs “said that [Trump] was remarkably meandering, could not keep a as the crow flies thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday on CNBC’s “Squawk Box.”
Among the topics on which Trump offered scant itemizes were how he would reduce taxes and cut back on business regulations, according to two other people in the room who spoke to CNBC.
Convocation attendees and people who spoke with them were granted anonymity in order to speak freely about the covertly event.
The same CEOs who were struck by Trump’s lack of focus “walked into the meeting being Trump supporter-ish or belief that they might be leaning that direction,” Sorkin reported.
“These were people who I think power have been actually predisposed to [Trump but] actually walked out of the room less predisposed” to him, Sorkin said.
“President Trump was earnestly received by everyone in the room and was commended for his policy proposals on deregulation and tax cuts,” said Steven Cheung, communications head for the Trump presidential campaign.
Trump’s energy in the meeting was also noticeably moderated, according to two people who were in the room. At no time during his remarks was there any noticeable applause for Trump, two attendees told CNBC.
This was in disparity to Trump’s meeting earlier in the day with House Republicans on Capitol Hill. Attendees at that meeting told CNBC that the whilom president was animated and engaged and that Trump received several rounds of applause in separate meetings Thursday with both Congress and Senate Republicans.
Cheung said there was applause for Trump during the Q-and-A section of the meeting, “where contributors commended President Trump for his deregulatory and tax cut agenda.”
Trump’s low-key energy at the Business Roundtable event could take been deliberate, one attendee told CNBC. Trump had wanted the CEO meeting to be “more like a business meeting than a address,” the person said.
“At one point, he discussed his plan to bring the corporate tax rate down from 21% to 20% … and was petitioned about why he had chosen 20%,” Sorkin said Friday on MSNBC’s “Morning Joe.” “And he said, ‘Well, it’s a round sum up.'”
“That unto itself had a number of CEOs shaking their heads,” Sorkin reported.
In 2023, corporate return taxes contributed approximately $420 billion to federal revenues, according to the Congressional Budget Office.
Wall High road has bristled over the past three years under President Joe Biden’s aggressive antitrust enforcement, pharmaceutical appraisal caps and progressive tax policy.