Tuning in from Davos, Switzerland, at the 2025 World Economic Forum, Cisco (CSCO) chairman and CEO Chuck Robbins sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss President Donald Trump’s return to the White House and what it means for corporate tax rates. Robbins says addressing expiring tax cuts has to be a top priority for the Trump administration. "You have got to do taxes this year because there’s a lot of expiring, and if we don’t do them, there’s trillions of dollars in tax increases for the American citizens," he tells Yahoo Finance. "We know what Trump, where Trump stands on [the] corporate tax rate and corporate competitiveness. Everything that we believe in is around pro-growth, which we think is good for the country, and Trump generally believes in the same thing," the CEO notes, adding that "we have to just wait and see how [tariffs] play out." The Cisco CEO says he’s "pragmatic" knowing the tax rate may not go lower than its current rate of 21%, set by Trump’s Tax Cuts and Jobs Act of 2017, but he hopes it will hold steady. He acknowledges that "conditions are a little different now" from when Trump passed the 2017 tax cuts. "You’ve got the deficit, you’ve got interest rates, and so there are a lot more variables at play that are going to come into discussing what the actual tax package looks like."
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