Republicans Will Regret Their Breakup With Big Business – Bloomberg
As the author of a book-length love letter to big business, I have long viewed the Republican Party as more aligned with corporate America than are Democrats. Thats certainly the case from a rhetorical standpoint, and on policy as well: It was former President Donald Trumps administration, after all, that pushed through a significant cut in the corporate income tax rate.
Yes, the real picture is much more complicated. Big business typically wants more high-skilled immigration, which Democrats tend to favor, and the Democratic Party at times has done more for free trade than have Republicans.
In any case, all that has changed. Many U.S. big businesses have sided with Democrats on some aspects of the culture wars, and leading members of the Republican Party have responded with vitriol. In the span of just a few years, they have gone from making apologies for big business to making threats against it.
The final straw may have been Major League Baseballs decision last week to relocate the All-Star game to Denver from Atlanta over concerns about a new voting-rights law in Georgia. Many Republicans in the state favored the changes, and the response from some Republicans in Congress was to start talking about revoking baseballs antitrust exemption.
More from
This is what it has come to in 21st-century America: Left-wing activists bully corporations through social media, while right-wing critics threaten them with the law.
Baseballs relocation of the All-Star game was very likely a business rather than a political decision. If the game had proceed in Atlanta, some of the players undoubtedly would have spoken out against the new voting law or boycotted the game. The event might have been dominated by politics. So baseball followed a common crisis-management strategy, deciding to take one public-relations hit now instead of having to confront a slow drip of unpleasant revelations over the next several months.
There is a simple solution for the Republican Party, if it is interested: Give up its opposition to such voting laws. Even if it opposes some parts of the laws, or if the negative aspects of the laws have been exaggerated, it hardly seems worth the price to be pushed into these ideological corners. Practically speaking, the best evidence suggests that such laws may not be a big deal anyway.
There is also something about baseball itself. This is the institution that so helped race relations in America by clearing the path for Jackie Robinson. You dont have to agree with MLBs every decision to see its overall social influence as strongly positive. It is hardly a historical villain in need of restraint.
Beyond sports, there is more evidence of a falling-out between Republicans and big business. When more than 100 major corporate leaders had a conference call last week to discuss what to do about the voting laws in Georgia and elsewhere, J.D. Vances response was the social-media equivalent of pounding the table with his shoe. Raise their taxes and do whatever else is necessary to fight these goons, tweeted the best-selling author and likely Republican candidate for U.S. Senate in Ohio. We can have an American Republic or a global oligarchy, and its time for choosing.
Senator Josh Hawley of Missouri, meanwhile, has put forward a trust busting plan to rein in big business. The plan seeks to beef up antitrust prosecution and eliminate mergers and acquisitions for firms of $100 billion or more in value. It is something you might expect from the far left wing of the Democratic Party, not a leading Republican senator.
Of course this isnt a serious proposal. Do Republicans really want to see Democratic administrations have the dominant hand in antitrust decisions for four or maybe more years? Does the U.S. want to stop major pharmaceutical firms from acquiring smaller, more innovative companies with drugs of potential importance? Hawleys bill is meant to send a message: Nice business youve got here. Be a shame if anything happened to it. It is both a plea and a threat about big businesss leftward slide.
I am not seeking to debate Georgias voting rights bill, nor those of any other state. But I do know a little about sports. Baseball has long been the least political and most traditional of Americas pastimes, and it has a relatively old fan base. So the question Republicans might want to ask themselves is not how to punish Major League Baseball. Its how to get it back. Right now, Republicans are moving in exactly the wrong direction.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
To contact the author of this story:Tyler Cowen at tcowen2@bloomberg.net
To contact the editor responsible for this story:Michael Newman at mnewman43@bloomberg.net
Before it's here, it's on the Bloomberg Terminal.
See the article here:
Republicans Will Regret Their Breakup With Big Business - Bloomberg
- Mike Johnson set to huddle with Indiana Republicans amid redistricting fight - Politico - November 28th, 2025 [November 28th, 2025]
- Republicans seek severe immigration crackdown over D.C. shooting: "Deport them all. Now." - Axios - November 28th, 2025 [November 28th, 2025]
- Young Republicans want Texas to ban IVF. We can't let them. | Editorial - Houston Chronicle - November 28th, 2025 [November 28th, 2025]
- After weathering a blue wave, Republicans maintain grip Rensselaer County politics - Times Union - November 28th, 2025 [November 28th, 2025]
- House Republicans join Democrats in effort to repeal Trumps unprecedented union-busting executive order - The Labor Tribune - November 28th, 2025 [November 28th, 2025]
- Judges allow North Carolina to use a map drawn in bid to give Republicans another US House seat - Newsday - November 26th, 2025 [November 26th, 2025]
- House Republicans Slam Witkoff Over Handling of Russia-Ukraine Talks - Foreign Policy - November 26th, 2025 [November 26th, 2025]
- Judges allow North Carolina to use a map drawn in bid to give Republicans another U.S. House seat - PBS - November 26th, 2025 [November 26th, 2025]
- Republicans consider quitting Congress early over death threats and infighting - Axios - November 26th, 2025 [November 26th, 2025]
- Republicans Fight With Trumps Team Over Ukraine Talks - The New York Times - November 26th, 2025 [November 26th, 2025]
- Indiana Republicans may have to break with their rules to redistrict. Can Democrats stop them? - IndyStar - November 26th, 2025 [November 26th, 2025]
- Once Foes of Obamacare, Some Republicans Push to Protect It - The New York Times - November 26th, 2025 [November 26th, 2025]
- Are Republicans in Indiana caving to President Trump's redistricting demands? - CNN - November 26th, 2025 [November 26th, 2025]
- Most Democrats and one-third of Republicans think its likely the U.S. will get into a nuclear war in the next decade - YouGov - November 26th, 2025 [November 26th, 2025]
- Opinion: Republicans hope the Supreme Court will help them hold the House - Chattanooga Times Free Press - November 26th, 2025 [November 26th, 2025]
- Obamacare premiums are skyrocketing. Republicans cant figure out what to do. - Politico - November 26th, 2025 [November 26th, 2025]
- Facing Threats and Intimidation, Indiana Republicans Will Vote on Redistricting - Democracy Docket - November 26th, 2025 [November 26th, 2025]
- Is the price of doing this worth it?: North Carolina Republicans worry about Trump immigration raids - Politico - November 26th, 2025 [November 26th, 2025]
- How Democrats and Republicans are rethinking the goal of government under Trump - NPR - November 26th, 2025 [November 26th, 2025]
- The Clock Is Ticking For Republicans To Overhaul Health Insurance - Investopedia - November 26th, 2025 [November 26th, 2025]
- Its Not Just MTG: Other Republicans in Congress Are Reportedly Eyeing an Exit - Vanity Fair - November 26th, 2025 [November 26th, 2025]
- Republicans want comprehensive oversight of Michigans 2026 election. What does that mean? - Michigan Advance - November 26th, 2025 [November 26th, 2025]
- Some Republicans want to try to pass another mega-bill on health care - The Washington Post - November 26th, 2025 [November 26th, 2025]
- Article | Trump was going to roll out a health care plan. Then Republicans weighed in. - POLITICO Pro - November 26th, 2025 [November 26th, 2025]
- Why Republicans Are Fighting About the Nazis - The New York Times - November 26th, 2025 [November 26th, 2025]
- Trump's Chummy Embrace Of Mamdani Is 'Sabotaging Himself And Republicans': GOP Strategist - Forbes - November 26th, 2025 [November 26th, 2025]
- From The New York Times Opinion Section Only Republicans have a plan for A.I., David Byler writes. Democrats, at best, have concepts of a plan. And if... - November 26th, 2025 [November 26th, 2025]
- Trump seizes control of Republicans' 2026 election strategy with his presidency on the line - Yahoo - November 26th, 2025 [November 26th, 2025]
- Georgia Republicans and the Trump Administration Are Working to Undermine the 2026 Elections - Democracy Docket - November 26th, 2025 [November 26th, 2025]
- Trumps gambit to save Republicans from a giant health insurance spike comes with a $50 billion price tag, CRFB estimates - Fortune - November 26th, 2025 [November 26th, 2025]
- Why health savings accounts arent the fix Republicans hope for - The Washington Post - November 26th, 2025 [November 26th, 2025]
- Its not just Marjorie Taylor Greene: The Republicans considering quitting over Trump - Yahoo - November 26th, 2025 [November 26th, 2025]
- Democrats make a new offer to end the shutdown, but Republicans aren't buying it - NBC News - November 7th, 2025 [November 7th, 2025]
- The Republicans Warning They Have a Problem - The New York Times - November 7th, 2025 [November 7th, 2025]
- LEADER JEFFRIES ON MSNBC: DONALD TRUMP AND REPUBLICANS HAVE DECIDED TO WEAPONIZE HUNGER AND STARVATION Congressman Hakeem Jeffries - Congressman... - November 7th, 2025 [November 7th, 2025]
- Democrats consider prolonging the government shutdown as Republicans prepare new bills without health care fix - ABC7 Los Angeles - November 7th, 2025 [November 7th, 2025]
- Democrats consider prolonging the shutdown as Republicans prepare new bills without health care fix - abcnews.go.com - November 7th, 2025 [November 7th, 2025]
- Republicans are losing this key voting bloc. Here's why. - USA Today - November 7th, 2025 [November 7th, 2025]
- Republicans Block Measure to Bar Military Strike on Venezuela - The New York Times - November 7th, 2025 [November 7th, 2025]
- Republicans are losing support from Latinos in Colorado as voters voice dissatisfaction with immigration, inflation efforts - Post Independent - November 7th, 2025 [November 7th, 2025]
- Senate Republicans Reject Measure to Block Military Action in Venezuela - WSJ - The Wall Street Journal - November 7th, 2025 [November 7th, 2025]
- Senate will vote Friday to advance shutdown-ending deal, Thune tells Republicans - Politico - November 7th, 2025 [November 7th, 2025]
- EDITORIAL: Stuck on Stupid-How Annapolis Republicans Turned Another Election Into a Self-Inflicted Rout - Eye On Annapolis - November 7th, 2025 [November 7th, 2025]
- Article | Key Republicans waver ahead of war powers vote - POLITICO Pro - November 7th, 2025 [November 7th, 2025]
- Charlotte GOP lost big on election night. Is it final nail in coffin for Republicans? - Charlotte Observer - November 7th, 2025 [November 7th, 2025]
- Republicans must nuke filibuster now or Democrats will do it when they regain power, Trump warns - Washington Examiner - November 7th, 2025 [November 7th, 2025]
- Trump and Republicans admonish others for their election losses - Politico - November 5th, 2025 [November 5th, 2025]
- Republicans think the shutdown is about to end. They could be dead wrong. - MSNBC News - November 5th, 2025 [November 5th, 2025]
- Trump says election results not good for Republicans, citing 2 possible reasons - Fox News - November 5th, 2025 [November 5th, 2025]
- Republicans Just Lost a Statewide Election in Pennsylvania. What Does That Mean for the Future? - Slate - November 5th, 2025 [November 5th, 2025]
- California Republicans thought they could beat Newsom's gerrymander. They crashed and burned. - Politico - November 5th, 2025 [November 5th, 2025]
- In an Upset, Democrats Oust Two Republicans on Georgias Utility Board - The New York Times - November 5th, 2025 [November 5th, 2025]
- Democratic election wins send Trump and Republicans a message: Americans blame them for government shutdown - The Conversation - November 5th, 2025 [November 5th, 2025]
- Kansas Young Republicans' racist texts show how far the party has strayed from its noble roots - Kansas Reflector - November 5th, 2025 [November 5th, 2025]
- Republicans Reprise Unfounded Claims of Widespread Election Interference - The New York Times - November 5th, 2025 [November 5th, 2025]
- Remember the hateful Young Republicans group chat? It's the tip of the iceberg. | Opinion - USA Today - November 5th, 2025 [November 5th, 2025]
- Trump urges Republicans to kill filibuster, warning they'll lose if they don't - Politico - November 5th, 2025 [November 5th, 2025]
- Rosen: Trump, Republicans feast while SNAP, health benefits on the line - Nevada Current - November 5th, 2025 [November 5th, 2025]
- Video Republicans need to 'think about what happened': GOP strategist - abcnews.go.com - November 5th, 2025 [November 5th, 2025]
- How Republicans are planning to win the 2026 midterms without Trump on the ballot - abcnews.go.com - November 5th, 2025 [November 5th, 2025]
- Trump Orders Republicans to Approve His Sinister Plan to Rule Forever - The Daily Beast - November 5th, 2025 [November 5th, 2025]
- Enfield Democrats upend Republicans, Vernon's GOP mayor reelected and more 2025 election results - CT Insider - November 5th, 2025 [November 5th, 2025]
- In Redistricting Battles, Heres How Trump, Republicans and Democrats Are Faring - The New York Times - November 5th, 2025 [November 5th, 2025]
- Trump says this is what Republicans need to do next following election defeats - MLive.com - November 5th, 2025 [November 5th, 2025]
- Why Republicans had a 'math problem' in off-year election - Fox News - November 5th, 2025 [November 5th, 2025]
- Poll: Republicans shoulder more shutdown blame, as signs of voter irritation with both parties pile up - NBC News - November 3rd, 2025 [November 3rd, 2025]
- Republicans argue big-hearted president Trump is keen to end shutdown - The Guardian - November 3rd, 2025 [November 3rd, 2025]
- Republicans re-up trans attacks on Dems that worked for Trump in 2024 - The Washington Post - November 3rd, 2025 [November 3rd, 2025]
- Republicans Claim They Have a Healthcare Plan. But They Wont Tell You Whats in It - Rolling Stone - November 3rd, 2025 [November 3rd, 2025]
- Virginia Republicans rally in Hanover ahead of Election Day, highlighting work since 2022 - WRIC ABC 8News - November 3rd, 2025 [November 3rd, 2025]
- Ted Cruz to Jewish Republicans: Antisemitism is an existential crisis in our party - The Times of Israel - November 3rd, 2025 [November 3rd, 2025]
- Obama says it's 'like every day is Halloween' as he blames Republicans for government shutdown - Fox News - November 3rd, 2025 [November 3rd, 2025]
- House Republicans exploring ways to prevent Mamdani from being sworn in as NYC mayor if he wins on Election Day - New York Post - November 3rd, 2025 [November 3rd, 2025]
- Opinion: Republicans keep winning. Sand hopes to change the game - thegazette.com - November 3rd, 2025 [November 3rd, 2025]
- President Trump, House Speaker Johnson, others address Las Vegas meeting of Jewish Republicans - Las Vegas Review-Journal - November 3rd, 2025 [November 3rd, 2025]
- Obama blasts Trump ahead of Election Day in Virginia and New Jersey. Republicans keep it local - Decatur Daily - November 3rd, 2025 [November 3rd, 2025]
- Republicans quickly push back on Trumps call to nix filibuster - Politico - October 31st, 2025 [October 31st, 2025]
- Democrats and Republicans Clash Over SNAP Contingency Funds - FactCheck.org - October 31st, 2025 [October 31st, 2025]
- Republicans' refusal to fund SNAP will hurt their own voters most. They don't care. | Opinion - USA Today - October 31st, 2025 [October 31st, 2025]
- Trump calls on Republicans to abolish the Senate filibuster rule - The Guardian - October 31st, 2025 [October 31st, 2025]