New York Occasions: “The president has each courted and pilloried company America as he seeks re-election this fall. Company leaders have loved document income on his watch and an open channel together with his administration, however they’ve bristled at a few of his greatest coverage selections.”
“There’s a sure symbiosis with company leaders in a lot of Mr. Biden’s financial agenda. His industrial coverage initiatives rely closely on company tax incentives, which he champions at ribbon-cuttings nationwide: The local weather and advanced-manufacturing legal guidelines that Mr. Biden signed in 2022 function giant tax cuts for firms that put money into the manufacturing of semiconductors, photo voltaic panels and different strategic items. Republicans have derisively referred to as these incentives ‘company welfare.’”
“As he seeks re-election, although, Mr. Biden has leaned closely into populist assaults on the executives and firms he has engaged. He loves to speak about elevating company taxes. He has additionally taken to blaming large corporations, typically by identify, for elevating costs on some client staples. He blasts others for shrinking parts of snack meals, like sweet bars, with out reducing their costs.”
