More than 150 business leaders from various industries have signed a letter backing President Joe Biden’s $1.9 trillion COVID-19 relief package, according to CNN.
In the letter, which will be sent to congressional leaders of both parties on Wednesday, top business executives urge lawmakers to “act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration’s proposed American Rescue Plan.”
“Strengthening the public health response to coronavirus is the first step toward economic restoration,” they write. “The American Rescue Plan mobilizes a national vaccination program, delivers economic relief to struggling families, and supports communities that were most damaged by the pandemic.”
CNN reports that the executives represent the finance, tech, hospitality, real estate, and insurance industries. CEOs at major firms, such as Goldman Sachs, Google, and AT&T, have signed on to the letter.
Of course they have, they will do better when everyone does better, and this bill will ensure that.
Right. Business is going to love $2 trillion more dollars being pumped into the economy. It’s also a good idea for the general public.
Finally back to normality
As Paul Krugman notes, the deficit scolds, the Repubs who only care about deficits when Democratic party members are in the majority and/or the presidency, will likely come out in droves.
Hey, I know how to help pay for this… roll back the yuge corporate tax cut Trump enacted. There’s at least $1 trillion right there.
Also, I agree with Josh (Marshall, not Hawley!). The Dems need to do hard-core messaging on this, getting word out on all the media, to the point where even Fox can’t make it look bad… But they’ll likely find a way, don’t worry, by bringing in some of the discredited “economists” like Stephen Moore. Look away.
What have they got to lose? Trickle down has never worked so why not give trickle up a shot?