[News Terms] US 'Business Roundtable' Attended by Trump

US Top 200 Big Corp CEOs' Council Represents Corporate Interests
Pro-Republican, Also Friendly with Democrats Through Lobbying
Nancy Pelosi Criticizes, "Insurrection Instigator Has Returned to Crime Scene"

Former U.S. President and Republican presidential candidate Donald Trump made a spectacular 'comeback' to the federal Capitol on the 13th (local time), more than three years after the January 6 Capitol riot.

With about five months left until the November presidential election, it appeared as if the Republican Party had effectively become the 'Trump Party,' receiving welcomes not only from the House but also from the Senate. Furthermore, major company CEOs lined up to show support, reaffirming the enhanced political stature of former President Trump.

Former U.S. President Donald Trump, the Republican presidential candidate.
[Photo by AP/ Yonhap News]

Before his Capitol comeback, former President Trump attended an event hosted by the 'Business Roundtable,' an organization promoting business-friendly policies.

The Business Roundtable is a council composed of CEOs from the top 200 U.S. corporations, representing corporate interests. The combined market capitalization of its member companies accounts for 20% of all U.S. companies, and it was established in 1972. Along with the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce, it is one of the most influential lobbying groups in the United States. It has a similar character to Korea's Korea Economic Organization Association (HanKyungHyup).

John Harper, CEO of Alcoa, a leading American aluminum producer, and Fred Borch, CEO of General Electric (GE), a representative American conglomerate, led its founding.

Initially, the Business Roundtable served as an organization to reduce public hostility toward large U.S. corporations and to represent corporate interests through dialogue with the government. Since the 1980s, the Business Roundtable has actively lobbied not only the U.S. government but also international organizations such as the World Trade Organization (WTO), growing into a leading U.S. interest group. While it generally leans toward the market-friendly Republican Party, it maintains friendly relations with the Democratic Party through appropriate lobbying activities.

According to NBC and others, at least 80 CEOs attended the Business Roundtable event, including Jamie Dimon, Chairman of JPMorgan Chase; Jane Fraser, CEO of Citigroup; Brian Moynihan, CEO of Bank of America; and Tim Cook, CEO of Apple.

At the event, former President Trump reportedly expressed his tax-cut pledge, including lowering the federal corporate tax rate from 21% to 20%, along with a stance on deregulation.

U.S. President Joe Biden and former Speaker of the House Nancy Pelosi.
[Photo by AFP/Yonhap News]

Former President Trump is engaged in a neck-and-neck race against President Joe Biden in various polls and holds a slim lead in battleground states that will decide the election outcome.

The New York Times (NYT) described the meeting between former President Trump and Republican members of the House and Senate as "a stark example of how organizations that still dislike him are reacting to the possibility of Trump returning to the White House."

The Biden administration and the Democratic Party criticized former President Trump's visit to Washington, D.C., linking it to the January 6 Capitol riot.

The Democratic National Committee placed a billboard truck near the venue of Trump's event repeatedly showing footage of the rioters' attacks during the January 6 incident, and Nancy Pelosi, a prominent Democratic politician and former Speaker of the House, criticized in a statement, "Today, the insurrectionist returned to the scene of the crime."

This content was produced with the assistance of AI translation services.