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Top business leaders line up behind Biden's COVID-19 aid plan

Added 02-24-21 07:57:04am EST - “More than 150 New York-based CEOs and other business leaders are expressing support for President Biden's? $1.9 trillion COVID-19? aid package, the American Rescue Plan.” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “Top business leaders line up behind Biden's COVID-19 aid plan”. Below is an excerpt from the article.

More than 150 New York-based CEOs and other business leaders are expressing support for President BidenJoe BidenHoyer: House will vote on COVID-19 relief bill Friday Pence huddles with senior members of Republican Study Committee Powell pushes back on GOP inflation fears MORE's $1.9 trillion COVID-19 aid package, the American Rescue Plan.

In a joint letter released by the Partnership for New York City on Wednesday, the CEOs of major brands including Zillow, McGraw-Hill and Squarespace called on congressional leaders to pass the plan immediately.

"Previous federal relief measures have been essential, but more must be done to put the country on a trajectory for a strong, durable recovery. Congress should 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," the business executives wrote.

"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," they argue in the letter, first obtained by CNN. 

The legislation -- the Biden administration's first major legislative push in Congress -- is set to be voted on in the weeks ahead, though no timetable has been officially laid out. Democrats are expected to push the bill through via the budget reconciliation process, which would require only 51 votes in the evenly split Senate for it to pass.

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