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Raimondo to Challenge Business Lobby on Biden Tax Increases

  • Commerce secretary urges support for massive social spending
  • Raimondo delivers speech to City Club of Cleveland Thursday
Gina Raimondo

Gina Raimondo

Photographer: Shawn Thew/EPA/Bloomberg

Updated on

U.S. Commerce Secretary Gina Raimondo will challenge business-community complaints about tax increases included in President Joe Biden’s proposed social-spending package, urging in a speech Thursday that companies should instead support his economic agenda.

In her remarks, Raimondo will argue that the plan is essential for supporting American families as well as the long-term growth and stability of the economy, according to excerpts obtained by Bloomberg. The programs will benefit everyone in the country, especially businesses, she will say.