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10 Things in Politics: Biden's big business romance

Added 02-26-21 05:14:03am EST - “Corporate titans, usually friendlier with conservatives, are cozying up to Biden and Dems. Plus, a potential $15 minimum wage suffers a big defeat.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “10 Things in Politics: Biden's big business romance”. Below is an excerpt from the article.

Good morning! Welcome back to 10 Things in Politics. I'm Brent Griffiths. Sign up here to get this newsletter in your inbox each day.

1. CORPORATE AMERICA AND DEMS' COMPLICATED STATUS: Big business' typical suitors are out of power, and its relationship with the Democrats is complicated. The two sides agree on some issues, like infrastructure investment and immigration reform. But splits are still apparent on raising the minimum wage to $15 an hour, higher corporate taxes, and stricter environmental regulations.

Campaign cash carries the day: Biden accepted most of the up to $1 million in donations corporations could put toward his inauguration. A newly-formed dark-money group in support of Biden's agenda, which may or may not disclose its donors, will offer another avenue for business influence.

But Republicans say the fight isn't over: "Let's be clear: Republicans, not Democrats, cut taxes and burdensome regulations that held American businesses back for decades," said Rep. Nancy Mace, a Republican from South Carolina who previously ran a consulting business.

2. Democrats' "Fight for $15" just got a lot more complicated: The Senate Parliamentarian, an unelected, nonpartisan rules referee, handed down a long-expected ruling saying Democrats cannot include a $15 minimum wage increase as written in the massive $1.9 trillion relief package. (More on who the parliamentarian is here.)

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