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"Just one authoritarian thing after another."
US President Donald Trump's White House has reportedly created a scorecard that rates American corporations and trade groups based on how fervently they have promoted Trump's agenda, a move that critics described as part of the president's authoritarian approach to governing and dealing with private businesses.
Axios, which first reported on the White House scorecard Friday, explained that the document "rates 553 companies and trade associations on how hard they worked to support and promote President Trump's 'One Big Beautiful Bill,'" which includes massive corporate tax breaks and unprecedented cuts to safety net programs.
"Factors in the rating include social media posts, press releases, video testimonials, ads, attendance at White House events, and other engagement related to 'OB3,' as the megabill is known internally," the outlet reported. "The organizations' support is ranked as strong, moderate, or low. Axios has learned that 'examples of good partners' on the White House list include Uber, DoorDash, United, Delta, AT&T, Cisco, Airlines for America, and the Steel Manufacturers Association."
The spreadsheet is reportedly being circulated to senior White House staffers and is expected to evolve to gauge companies' support for other aspects of the president's agenda. Corporations that decline to praise Trump's policies—or dare to criticize them—could face government retribution.
"Just one authoritarian thing after another," Rachel Barnhart, a Democratic member of the Monroe County, New York Legislature, wrote in response to the Axios story.
News of the internal "loyalty rating" spreadsheet comes days after Trump reached an unprecedented deal with the chip giants Nvidia and Advanced Micro Devices that critics likened to a strongman-style "shakedown." The companies agreed to pay the US government 15% of their revenues from exports to China in exchange for obtaining export licenses.
Trump, who has reported substantial holdings in Nvidia, has hosted company CEO Jensen Huang—one of the richest men in the world—at the White House at least twice this year. Huang has effusively praised the president, calling his policies "visionary."
That's just one example of how major CEOs have sought to flatter Trump, who has proven willing to publicly attack executives—and even demand their resignation.
Fortune noted Wednesday that "Apple CEO Tim Cook gave Trump a customized glass plaque mounted on a 24-karat gold stand last week, when he announced his company’s $100 billion investment in domestic production."
Cook also donated $1 million to Trump's inaugural fund.
Companies that have worked to get in the president's good graces appear to be reaping significant rewards.
A Public Citizen analysis published earlier this week found that companies spending big in support of Trump are among the chief beneficiaries of his administration's deregulatory blitz and retreat from corporate crime enforcement.
"Tech corporations facing ongoing federal investigations and enforcement lawsuits that are at risk of being dropped or weakened following the industry's influence efforts include Amazon, Apple, ByteDance, Google, Meta, OpenAI, Snap, Uber, Zoom, and Musk-helmed corporations The Boring Company, Neuralink, SpaceX, Tesla, X, and xAI," the group said.
Business journalist Bill Saporito wrote in an op-ed for The New York Times earlier this week that "in ripping up numerous business regulations, Donald Trump seems intent on replacing them with himself."
"The recipient corporations don't necessarily want Mr. Trump's meddling, particularly given his fun house view of economics," Saporito added, "but they can't get away from it."
"Factors in the rating include social media posts, press releases, video testimonials, ads, attendance at White House events, and other engagement related to 'OB3,' as the megabill is known internally," the outlet reported. "The organizations' support is ranked as strong, moderate, or low. Axios has learned that 'examples of good partners' on the White House list include Uber, DoorDash, United, Delta, AT&T, Cisco, Airlines for America, and the Steel Manufacturers Association."
The spreadsheet is reportedly being circulated to senior White House staffers and is expected to evolve to gauge companies' support for other aspects of the president's agenda. Corporations that decline to praise Trump's policies—or dare to criticize them—could face government retribution.
"Just one authoritarian thing after another," Rachel Barnhart, a Democratic member of the Monroe County, New York Legislature, wrote in response to the Axios story.
News of the internal "loyalty rating" spreadsheet comes days after Trump reached an unprecedented deal with the chip giants Nvidia and Advanced Micro Devices that critics likened to a strongman-style "shakedown." The companies agreed to pay the US government 15% of their revenues from exports to China in exchange for obtaining export licenses.
Trump, who has reported substantial holdings in Nvidia, has hosted company CEO Jensen Huang—one of the richest men in the world—at the White House at least twice this year. Huang has effusively praised the president, calling his policies "visionary."
That's just one example of how major CEOs have sought to flatter Trump, who has proven willing to publicly attack executives—and even demand their resignation.
Fortune noted Wednesday that "Apple CEO Tim Cook gave Trump a customized glass plaque mounted on a 24-karat gold stand last week, when he announced his company’s $100 billion investment in domestic production."
Cook also donated $1 million to Trump's inaugural fund.
Companies that have worked to get in the president's good graces appear to be reaping significant rewards.
A Public Citizen analysis published earlier this week found that companies spending big in support of Trump are among the chief beneficiaries of his administration's deregulatory blitz and retreat from corporate crime enforcement.
"Tech corporations facing ongoing federal investigations and enforcement lawsuits that are at risk of being dropped or weakened following the industry's influence efforts include Amazon, Apple, ByteDance, Google, Meta, OpenAI, Snap, Uber, Zoom, and Musk-helmed corporations The Boring Company, Neuralink, SpaceX, Tesla, X, and xAI," the group said.
Business journalist Bill Saporito wrote in an op-ed for The New York Times earlier this week that "in ripping up numerous business regulations, Donald Trump seems intent on replacing them with himself."
"The recipient corporations don't necessarily want Mr. Trump's meddling, particularly given his fun house view of economics," Saporito added, "but they can't get away from it."
One economist warned the tariffs would amount to the "largest tax increase... that has ever been imposed" on working-class families.
The trade war that U.S. President Donald Trump launched over the weekend by announcing sweeping new tariffs on imports from Canada, Mexico, and China drew intense criticism from experts and analysts across the ideological spectrum, including those who believe strategically deployed tariffs can help protect domestic jobs and workers.
"Tariffs are a powerful, effective tool to deliver certain goals. But Trump's Canada/China/Mexico tariffs make zero sense. And even undermine tariffs' legit uses," Lori Wallach, director of the Rethink Trade program at the American Economic Liberties Project, wrote on social media late Sunday, expressing agreement with United Auto Workers president Shawn Fain.
Fain said in a
statement that the UAW "supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy," pointing specifically to the North American Free Trade Agreement (NAFTA) and its successor agreement that Trump negotiated during his first White House term.
The union does not, however, "support using factory workers as pawns in a fight over immigration or drug policy," Fain continued. "The national emergency we face is not about drugs or immigration, but about a working class that has fallen behind for generations while corporate America exploits workers abroad and consumers at home for massive Wall Street paydays."
The officially stated purpose for Trump's 25% tariffs on Canadian and Mexican imports and 10% tariffs on Chinese imports is to confront what the White House described as the "extraordinary threat" posed by the movement of migrants and drugs across the southern and northern U.S. borders.
But Wallach argued Sunday that using tariffs to address immigration and the flow of drugs "is like trying surgery using a saxophone—wrong tool!"
"After decades of an American trade policy run by and for the largest corporations and to the detriment of American workers, independent farmers, and small businesses, we certainly do need a new approach," she added. "But simply imposing 25% tariffs on Mexico and Canada and another 10% on China will not rebuild American manufacturing/create U.S. manufacturing jobs or raise wages. Particularly, if such tariffs can be axed, lowered, or upped at the president's whim for reasons unrelated to trade/jobs."
"While tariffs can play a constructive role in protecting U.S. jobs and enforcing labor and environmental standards when part of a strategic industrial policy, Trump's approach is neither strategic nor appropriate."
Trump told reporters late last week that he is "not looking for a concession" in response to the new tariffs, which prompted swift retaliation from Canada, Mexico, and China.
The announced tariffs, which are set to take effect on Tuesday, also shook U.S. and global equity markets as Trump threatened additional duties against imports from European Union nations and admitted Americans could experience "some pain" stemming from the trade war. Mexican President Claudia Sheinbaum said Monday that her country reached an agreement with Trump to delay implementation of the tariffs on Mexican imports for a month, reportedly in exchange for the deployment of 10,000 Mexican soldiers to the country's northern border.
Contrary to Trump's insistence that tariffs are paid by targeted nations, they are in fact paid by U.S. importers, who then either eat the costs or pass them on to consumers through higher prices. Economist Dean Baker noted that the new tariffs amount to "a tax increase of roughly $200 billion a year ($1,600 per family) that will overwhelmingly be paid by moderate-income and middle-income families."
"It is the largest tax increase on them that has ever been imposed," Baker wrote Sunday. "And retaliation from both countries is likely to impose additional costs."
Melinda St. Louis, Global Trade Watch director at the consumer advocacy group Public Citizen, said in a statement that "no matter the intractable problem, Trump's go-to playbook is to bully our neighbors through tariffs and to scapegoat immigrants."
"Instead of addressing the actual causes or seeking real solutions to the complex public health crisis surrounding fentanyl, Trump jumps to impose damaging and self-defeating across-the-board tariffs and to spout more hateful rhetoric that dehumanizes our immigrant neighbors," said St. Louis. "While tariffs can play a constructive role in protecting U.S. jobs and enforcing labor and environmental standards when part of a strategic industrial policy, Trump's approach is neither strategic nor appropriate."
"Using tariffs to bully countries to advance an anti-immigrant and anti-humanitarian agenda will do nothing to support U.S. workers and will make our immigrant neighbors less safe," she added.
The tariffs also drew backlash from the right-wing Wall Street Journal editorial board, which slammed the president for launching "the dumbest trade war in history."
"Bad policy has damaging consequences," the editorial board wrote late Sunday, "whether or not Mr. Trump chooses to admit it."
Corporations use their endless resources to ensure that efforts designed to benefit people enrich those at the very top.
One measure of corporate power’s dominance is its 24/7 relentless, profit-driven capacity to strike back and prevail over reforms or other efforts designed to give the people voice and fairness.
Here are some examples that should give us pause in touting civic victories:
A few years ago, during lunch with the formidable, creative Brian Lamb—founder of C-SPAN—I asked whether, after decades of blanket coverage of Congressional sessions, accessible to millions of people, Congress was an improved institution. After all, as Justice Louis Brandeis once wrote: “sunlight is the best disinfectant.” His reply: “No.” Such is the ever-growing grip of corporate lobbyists directly on and inside Congress, compared to the unorganized sovereign people back home.
The massive government investment in developing important pharmaceuticals over the decades, followed by free giveaways of these discoveries to drug companies, was supposed to reduce the corporate cost of discovering and testing new medicines and thereby reduce what companies like Pfizer, Merck and Eli Lilly would charge patients. No way—Americans, who paid for these discoveries, are charged record-high prices for pharmaceuticals—higher than in any other country in the world.
To add insult to injury, American drug firms exported production of many of these medicines to China and India for importing back to the U.S. for a greater profit than might come from U.S. production. One result—the national security nightmare of our country not producing any antibiotics here at home!
During the second Bush Administration, Congress cut the tax rate sharply to induce U.S. companies to bring home tens of billions of stored dollars in return for businesses promising to invest this money in productive enterprise and wage gains. Result—a double-cross. Instead, the companies bought back their own stock, pumped up executive compensation, and funded mergers.
Years ago, Congress passed legislation allowing business corporations to deduct up to ten percent of their taxable income for charitable contributions. The lawmakers thought this would unleash large sums of money to help the needy in addition to educational and civic initiatives.
Result: Only a tiny number of major corporations exceed the one percent level of charitable donations. Hugely profitable companies give to charitable activities at a fraction of one percent. Apple is one of them, headed by CEO Tim Cook who makes $833 A MINUTE!
The U.S. Securities and Exchange Commission (SEC) does not require companies to disclose their percentage of charitable contributions. Institutional and individual shareholders should introduce resolutions to compel the top brass to do so. Such resolutions should win a majority of votes and open the door to the shame and embarrassment of stingy companies. In such a “soft area,” this may be enough to spring tens of billions of dollars for “good works.” Wake up perpetrators of “good works!” All you have to lose is your perennial red ink.
President Bill Clinton produced another unintended boomerang when in 1993, he got through Congress a revenue rule prohibiting deductibility for any corporate boss who received annual compensation above $1 million a year. However, the rule came with a giant “loophole.” As Sarah Anderson of the Institute for Policy Studies wrote in a report you should read: “So-called ‘performance’ pay, including stock options and certain bonuses, would be exempted from the deductibility cap.”
Result: Executive compensation via deviously calculated stock options and bonuses skyrocketed, and, combined with a Reaganite elimination of SEC restrictions over stock buybacks in 1982, led to the gigantic waste of trillions of dollars of corporate profits poured (shareholder money) into unproductive stock buybacks.
Corporate bosses have a personal interest in stock buybacks. As Steve Clifford showed in his book The CEO Pay Machine: How It Trashes America and How to Stop It, the bosses developed metrics for raising their pay that just happened to coincide with the stock buyback and stock option racket.
The emergence of the Pentagon-developed Internet was supposed to even a playing field between the haves and the have-nots by making access, retrieval, and transfer of knowledge and informed advocacy virtually free. It was supposed to give power to the people.
Result: Addictive trivia to the masses, information overload, and the rise of the Wardens of the Internet Gulag – Facebook, Instagram, TikTok, and the rest of these unregulated control freaks who distribute your personal information anywhere in the world for big profits.
Then, of course, there is the old standby—Regulatory Capture. First comes reforms for the people after years of striving to create health, safety, and economic regulatory agencies to impose some ‘law and order’ on the out-of-control corporate bandits and greed hounds. Then come the rebounds. Corporate lobbyists, campaign cashiers, and the placement of corporatists to run federal agencies. These corporate operatives work to put the agencies to sleep or to actually turn them against the people directly through this internal sabotage. The Food and Drug Administration (FDA) and the Federal Railroad Administration (FRA) are two such examples.
Congress has even let the drug and medical device companies fund the FDA’s drug approval regulatory apparatus. What’s that saying about ‘not biting the hand that feeds you’?
Knowing about this second, third, and fourth strike capability by big business may sensitize citizen groups and advocates to demand that the Democratic Party, at least, be alert and forceful in rolling back these anti-people travesties when they achieve majority status on Capitol Hill. Rhetoric is useless.
To date, the Dems have rarely done so even for such giveaways as Trump’s 2017 huge tax cut for the rich and powerful, which the Democrats had opposed. Taking over the House in 2019, some Dems led by House Ways and Means Committee Chairman, Richard Neal (D-MA) openly said they were not going to move to repeal and use the monies for good purposes.
Persistent Democracy does take work, doesn’t it? Oh people!