It’s still uncertain what Donald Trump’s second presidency will look like, but his first administration was highly responsive to business issues with a set way of operating, top German business executive Joe Kaeser told CNBC.
“If I personally, for my company at the time, had an issue to resolve, his administration was extremely receptive,” the chairman of the supervisory board of Siemens Energy said in an interview with CNBC’s Annette Weisbach on Thursday. Kaeser was Siemens’ CEO throughout President-elect Trump’s first term.
Trump did “a lot of things which helped the economy” during his first four years in office, Kaeser said, noting that he believed the president-elect’s tax cuts at the time were a positive.
Trump introduced a slew of tax changes, including lower federal income tax brackets and bigger standard deductions as well as changes to child tax credits, estate and gift tax exemptions and a deduction for pass-through businesses. One study done at the time, …