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April 14, 2021

Corporate

Coca-Cola and Delta absent from corporate voting rights statement after GOP pressure

WashingtonExaminer
USA TODAY – For more and to sign up click here Two of the companies that were hammered the hardest by the Right after criticizing Georgia’s new voting law were absent from a new statement by hundreds of businesses and individuals about voting rights. The statement, which is very broad......

Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes

CNBC
CNBC – For more and to sign up click here A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills.......

Corporate support for voting rights fuels astonishing Republican hypocrisy

USA Today
USA TODAY – For more and to sign up click here USA TODAY Senate Minority Leader Mitch McConnell has warned CEOs of large corporations to “stay out of politics,” calling their engagement in divisive political issues “stupid.” An ironic turn of events given the fact that Republicans are supposed to be the......

Biden has options beyond a corporate tax hike to pay for infrastructure, as negotiations get underway

CNBC
CNBC – For more and to sign up click here Wind turbines and power transmission lines at a wind farm near Highway 12 in Rio Vista, California, on Tuesday, March 30, 2021. David Paul Morris | Bloomberg | Getty Images As President Joe Biden attempts to curry favor for his......

Biden open to negotiating on corporate tax hike, but says U.S. must take bold action on infrastructure

CNBC
CNBC – For more and to sign up click here President Joe Biden speaks during an event on the American Jobs Plan in the South Court Auditorium on the White House campus, Wednesday, April 7, 2021, in Washington. Evan Vucci | AP President Joe Biden said Wednesday that he is......

The Biden administration seeks to raise $2.5 trillion through corporate tax increases.

New York Times
The Biden administration unveiled its plan to overhaul the corporate tax code on Wednesday, offering an array of proposals that would require large companies to pay higher taxes to help fund the White House’s economic agenda. The plan, if enacted, would raise $2.5 trillion in revenue over 15 years. It......

Biden corporate tax hike would have little impact on business investment, Wharton study says

CNBC
CNBC – For more and to sign up click here The proposed increase to the corporate tax rate in President Joe Biden’s landmark infrastructure plan will not lead to a significant reduction in business investment, according to a new study from the University of Pennsylvania’s Wharton School. Of utmost interest......

Why companies should fight anti-LGBTQ legislation: corporate leaders

USA Today
USA TODAY – For more and to sign up click here USA TODAY As four of the largest food companies and major employers in the United States, we view the growing number of anti-LGBTQ+ bills under consideration in state legislatures, including those that target transgender people and particularly children, with......

Jeff Bezos says he supports a hike to corporate tax rate

CNBC
CNBC – For more and to sign up click here Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images Amazon CEO Jeff Bezos on Tuesday voiced support for raising the corporate tax rate but stopped short of saying he supports President Joe Biden’s plan for the......

Analysis: Why the GOP and corporate America are breaking up

CNN
USA TODAY – For more and to sign up click here Corporate America’s years-long move toward a political awakening has increasingly put large companies in direct opposition to the GOP, a political party that spent generations crusading as the friend of business and slasher of corporate taxes. “Our private sector......

Manchin warns Biden’s infrastructure bill is in trouble over corporate tax hikes

CNN
USA TODAY – For more and to sign up click here “As the bill exists today, it needs to be changed,” he told West Virginia Metro News host Hoppy Kercheval in a radio interview when asked if he supported or opposed President Joe Biden’s $2.25 trillion proposal. Manchin said he......

Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate

CNBC
CNBC – For more and to sign up click here President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. Cheriss May | Reuters President Joe Biden said Monday he is not worried that a plan to increase corporate America’s......

Yellen calls for global minimum corporate tax rate in first major address as Treasury secretary

CNN
USA TODAY – For more and to sign up click here “We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use global minimum tax to make sure that the global economy thrives, based on......

Analysis: As restrictive voting bills multiply, GOP signals it won’t bow to corporate pressure

CNN
USA TODAY – For more and to sign up click here The newfound alliance of corporations and Democrats fighting to protect access to the vote sent a first warning shot to Republican-controlled legislatures around the country that there may be real economic consequences if they continue to pursue restrictive voting......

Biden infrastructure plan relies on steep corporate tax hikes: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, FiscalNote Markets Managing Director Stefanie Miller breaks down the corporate tax hikes included in President Biden’s new $2 trillion infrastructure plan. Plus, Jennifer Elias explains why......

Ford resumes political donations after review

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) – Ford Motor Co’s political action committee is resuming making political donations and will not rule out making donations to Republican lawmakers that voted against President Joe Biden’s election......

Business world divided on whether to fight corporate tax hike in Biden’s infrastructure plan

CNBC
CNBC – For more and to sign up click here President Joe Biden speaks during his first press briefing in the East Room of the White House in Washington, DC, on March 25, 2021. Jim Watson | AFP | Getty Images The U.S. business community is trying to figure out......

Georgia Gov. Brian Kemp dismisses corporate backlash over election law

CNBC
CNBC – For more and to sign up click here Georgia Gov. Brian Kemp dismissed corporate backlash against voting legislation he signed into law on CNBC’s “Closing Bell” Wednesday afternoon. The governor signed a sweeping GOP-backed election bill into law last week that civil rights advocates say disproportionately hurts voters......

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