US business leaders are throwing their support behind Nikki Haley, an Indian American candidate viewed as a more stable alternative to Donald Trump and a more business-friendly option than Joe Biden. Jamie Dimon, JPMorgan Chase’s head, encourages even liberal Democrats to consider Haley over Trump, emphasizing her potential appeal.
Prominent figures like Charles Koch and investor Stanley Druckenmiller are backing Haley, significantly boosting her campaign funds. In December, a fundraiser in New York yielded over $500,000 in pledges from the city’s business elite. Initially cautious donors are now aligning with Haley, recognizing her impressive performance in debates and expressing concerns about the potential instability of another Trump presidency.
Haley’s stance on fiscal policies, including tax cuts, balanced budgets, and a higher retirement age, aligns with traditional Republican views. Business leaders appreciate her commitment to fiscal discipline and her governorship experience. Unlike Trump, she emphasizes addressing the national debt and interacts effectively with business leaders.
While Haley is not an isolationist and favors a tougher stance on China, her inclusive approach is gaining support even from some Democrats like Reid Hoffman. However, concerns arise about her perceived closeness to banks and billionaires, challenging her appeal to the GOP’s working-class base, a point raised in a recent debate by moderator Megyn Kelly.
Despite political differences with Trump, Haley’s rising popularity also reflects concerns about Trump’s electability. As she navigates accusations of being too closely tied to big business, Haley emphasizes accepting support from corporate figures while maintaining focus on her policies.
