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Key U.S. Business Lobby Likes Biden’s Climate Plan, Rejects Tax Hikes

  • Business Roundtable opposes bill despite support for parts
  • Group is asking Democrats to make changes to tax measures
Joshua Bolten

Joshua Bolten

Photographer: Stefani Reynolds/CNP/Bloomberg

A group representing the chief executive officers of some of the largest U.S. corporations said many businesses largely embrace President Joe Biden’s climate agenda, but reject his proposals for higher taxes on businesses.

“There is a lot in the Build Back Better Act that we support,” Joshua Bolten, who leads the Business Roundtable, told reporters Wednesday. “Of keen interest to a lot of our members are the climate provisions, which have the strong support of a lot of our members. So that has made our positioning difficult because the things we support are mixed in with the things we oppose.”