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In social policy bills, businesses see a lot of what they like. They disagree with it.

“People say they are for this new stakeholder economy and are committed to sustainability,” said Holender, CEO of the now liberal American Sustainable Business Council. Said. “But at the same time, there are systems of incentives designed to maximize profits, and companies hate them when their profits are threatened.”

More major business groups have repelled the accusations. Bradley of the Chamber of Commerce agreed that part of the vision of democracy reflects the long-standing wishes of the business lobby. Accessible child care is a top priority, and investing in clean energy has been delayed in addressing climate change, he said.

“It was right for the administration to raise the IRS enforcement to fill the tax gap,” he added. “We want a growth-promoting tax law, but we want people to comply with it.”

But he assures opposition by how the Democrats deal with these issues, rushing them into one huge $ 3.5 trillion measure to go through a rapid process called reconciliation. He said he did.

For example, a corporate group was working with lawmakers from both parties to create a paid family and medical leave program shared by payroll taxes among businesses, workers, and governments. To meet Mr. Biden’s pledge not to raise taxes on people with incomes less than $ 400,000, payroll taxes have been abolished and for various tax increases for wealthy people and businesses no longer involved in funding programs. It was replaced.

“Paid family vacations outside the context of reconciliation will require intense negotiations and trade-offs, but not outside the realm of the possibility of finding suggestions that we can support,” Bradley said. Said. “In the settlement, it’s just getting worse.”

The Business Roundtable, which represents the CEO of the largest company in the country, expressed a similar request. “Some of these policies have strong bipartisan support and encourage Congress to take them up through its deliberative process rather than reconciliation,” the group said in a statement.

In social policy bills, businesses see a lot of what they like. They disagree with it.

Source link In social policy bills, businesses see a lot of what they like. They disagree with it.

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