Biden Moves to Leverage Corporate America’s Falling Out With GOP

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The business community doesn’t dislike President Joe Biden’s proposal to hike corporate taxes to pay for a massive $2 trillion-plus infrastructure plan. They detest it.

But there are some reasons to think corporate leaders are warming to Biden: They backed his Covid-19 recovery plan, which pumped billions of dollars into hard-hit industries and small businesses. They know he comes from a business-friendly state that boasts more corporations than any other. And, well, he’s not Donald Trump, whose trade wars hurt companies and whose incendiary remarks on race offended them.

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