Politics

Big Business Loses a Political Home Amid Its Feud With the GOP

The rift between the longtime allies isn’t healing, but executives are still wary of Democrats’ agenda.

Photo Illustration by 731; Photos: Getty Images (4)

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By Peter Coy

May 27, 2021 at 8:00 AM UTC

This article is for subscribers only.

This article is part of the May 31, 2021 issue of businessweek.

Big business broke with President Donald Trump over tariffs and immigration and resented his Twitter attacks on various Fortune 500 companies. A wider rift opened in January, when supporters of the then-president invaded the U.S. Capitol and 147 Republicans in Congress refused to certify Joe Biden’s Electoral College victory.

Still, it seemed as if corporations and the GOP might patch things up once Trump was out of the White House.