Starbucks' Howard Schultz says he's not running for president in 2020

Starbucks executive chairman Howard Schultz said in an...

Posted: Feb 28, 2018 7:49 AM
Updated: Feb 28, 2018 7:49 AM

Starbucks executive chairman Howard Schultz said in an interview Tuesday that he is not running for president in 2020.

"No, I'm not," Schultz responded when asked by Fox Business anchor Maria Bartiromo, adding that he is trying to work toward improving the US as a private citizen.

Asked to clarify whether that means he is not going to run for president, Schultz said: "I said that I am doing everything I possibly can as a private citizen to advance the cause of the country."

Bartiromo followed up with: "It sounds like you're running for president, Howard."

He responded: "No, I didn't say that, come on Maria."

Schultz's comments come amid growing speculation that the billionaire mogul, who stepped down as CEO of the coffee giant in 2017 and is no longer involved in the day-to-day operations of the company, is considering a career in politics.

Schultz has been one of President Donald Trump's most vocal critics in the business world, speaking out against the Trump administration's policies -- from climate change and immigration to taxes and the economy.

"We are robbing from the future of young people in America who ultimately are going to have to pay for a $21 trillion tax deficit," Schultz said in the interview on Tuesday, slamming the Republican tax plan.

According to Schultz, Starbucks received about a $500 million benefit from the tax overhaul, which reduced the corporate tax rate to 21% from 35%.

But Schultz renewed his criticism that Congress "missed an opportunity" to reform the tax system.

"I personally did not believe that America needed a 21% corporate tax cut," Schultz said. "But, as a result of that, we gave a significant part of that tax benefit back to our people on top of what we had already done over the last couple of years. I think we are one of the few companies in America that recognize that in order to really benefit from the tax cut we had to share our success with our people."

In response to the Trump administration's travel ban, Starbucks pledged to hire 10,000 refugees by 2022 -- a move which prompted boycotts from some on the right.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 43742

Reported Deaths: 1558
CountyConfirmedDeaths
Hennepin13948793
Ramsey5397238
Dakota285297
Stearns257519
Anoka2510115
Nobles16986
Washington134441
Olmsted133620
Mower9942
Scott9534
Rice8988
Clay63238
Blue Earth6292
Kandiyohi6001
Wright5645
Carver5182
Todd4052
Sherburne3755
Lyon3642
Freeborn3160
Watonwan2730
Steele2661
Benton2503
St. Louis24916
Nicollet21513
Martin1805
Winona15615
Goodhue1468
Cottonwood1440
Le Sueur1421
Otter Tail1231
Crow Wing11912
Pine1150
Chisago1131
Dodge1050
McLeod1020
Pipestone975
Carlton960
Unassigned9440
Polk903
Isanti860
Murray860
Chippewa841
Douglas830
Waseca820
Itasca7912
Morrison701
Becker690
Meeker671
Faribault640
Beltrami620
Jackson590
Sibley592
Pennington550
Brown532
Wabasha460
Mille Lacs412
Swift391
Fillmore380
Renville373
Rock350
Yellow Medicine340
Lincoln330
Houston320
Grant311
Roseau290
Koochiching261
Redwood250
Wilkin233
Cass222
Norman210
Pope190
Big Stone180
Kanabec181
Wadena180
Aitkin170
Marshall170
Clearwater140
Mahnomen131
Hubbard120
Stevens110
Lake100
Traverse80
Lac qui Parle60
Red Lake50
Kittson20
Cook10
Lake of the Woods00

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 36437

Reported Deaths: 776
CountyConfirmedDeaths
Polk7803188
Woodbury338645
Black Hawk257660
Buena Vista174112
Johnson15438
Linn145684
Dallas145133
Scott117410
Marshall112519
Dubuque105423
Story8978
Pottawattamie85913
Wapello71731
Muscatine70945
Crawford6823
Sioux5190
Tama49329
Webster4485
Wright4081
Jasper37517
Louisa36813
Plymouth3645
Cerro Gordo3569
Warren3481
Dickinson3123
Washington2559
Hamilton2071
Boone1741
Clay1521
Clinton1471
Clarke1463
Allamakee1384
Mahaska12417
Shelby1240
Bremer1227
Carroll1211
Franklin1170
Poweshiek1148
Pocahontas1091
Des Moines1052
Emmet990
Cedar971
Hardin950
Henry943
Cherokee871
Marion870
Guthrie844
Floyd832
Benton811
Taylor810
Jones801
Monona780
Butler742
Jackson740
Osceola700
Sac690
Hancock672
Buchanan661
Calhoun662
Lyon650
Harrison640
Jefferson640
Iowa631
Fayette620
Humboldt621
Madison612
Kossuth580
Delaware571
Palo Alto550
Lee542
Mills540
Monroe547
Winneshiek532
Clayton513
Mitchell510
Grundy500
Union501
Winnebago490
Davis431
Unassigned390
Howard370
Lucas354
Chickasaw340
Greene310
Appanoose303
Worth300
Cass290
Ida240
Keokuk231
Page220
Van Buren211
Adair170
Audubon171
Montgomery172
Ringgold161
Decatur140
Fremont110
Wayne111
Adams80
Rochester
Clear
65° wxIcon
Hi: 80° Lo: 64°
Feels Like: 65°
Mason City
Clear
65° wxIcon
Hi: 83° Lo: 64°
Feels Like: 65°
Albert Lea
Clear
70° wxIcon
Hi: 82° Lo: 66°
Feels Like: 70°
Austin
Clear
66° wxIcon
Hi: 82° Lo: 64°
Feels Like: 66°
Charles City
Overcast
63° wxIcon
Hi: 81° Lo: 64°
Feels Like: 63°
Clouds continue to clear as a warming trend heads our way
KIMT Radar
KIMT Eye in the sky

Community Events