Here's how business leaders are reacting to Trump's win

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Prominent business leaders praised Trump's victory, while some nonprofits called his win 'a disaster'.

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.

'Korsmo also weighed in on a Massachusetts ballot measure seeking to eliminate the tip credit, which lets employers count workers' tips toward the minimum wage.'In Massachusetts, voters overwhelmingly supported tipped employees and restaurant owners by rejecting a misguided proposal to eliminate the tip credit. The decisive vote in Massachusetts continues an unbroken streak for tipped employees and restaurant operators who have fought for their tipped wage,' Korsmo said.

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