Save your misinformation line for the trolls who believe in it....The smaller states have bared the cost of inequity far more than the population centers........
Att: B402, too.Is Big Business the Democrats’ New Best Friend?
[...]"Corporate business advocates have railed against the 15% corporate minimum tax in the Inflation Reduction Act."
LOL, can almost see B402 huge smile when he sees the top heading.
When C.E.O.s speak out against Republican priorities, it isn’t the flip-flop of alliances it appears to be.
Senator Mitch McConnell, the minority leader, criticized companies speaking out against Republican voting laws, calling their statements “economic blackmail.” J. Scott Applewhite/Associated Press
By Andrew Ross Sorkin April 6, 2021
“Parts of the private sector keep dabbling in behaving like a woke parallel government.”
Mr. McConnell and his colleagues have in turn said companies would “invite serious consequences if they become a vehicle for far-left mobs.”
For some, it may seem odd to see Republicans and big businesses hurling insults at and threatening each other. Republicans have, for a century or so, supported business-friendly policies and free markets, including the right of companies to use their money and clout to influence government policy.
It might seem even more strange to see Democrats teaming up with big business. But Democrats, especially the more progressive members of Congress who made their careers bashing big business and corporate money in politics, may need to rethink their friends, too. Big business has become one of the most powerful forces in the country to advance social equity issues.
[Depends, on whether or not that was the intention rather than avoidance of the backward looking polices, junk economics and anti-intellectualism of the Republican Party. None of which is really good for the economy. P - Can't discount that over the decades much of the money came to Dems from companies that were 'woke' before their time. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170978283]
Companies from Netflix to Citigroup got behind Black Lives Matter last summer; boycotts, including by the National Basketball Association’s All-Star Game, pushed North Carolina to repeal a law preventing transgender people from using restrooms that match their gender identity; and now, companies are speaking out against efforts that disproportionally suppress minority votes.
But perhaps these apparently shifting alliances should not be so surprising. That’s because business doesn’t have a political party. Its party is profit.
Business is aligned with Republicans when it comes to taxes and regulations because … well, profit. And business is aligned with Democrats on social issues that its customers and employees care about because … well, profit.
“American big business in particular has led the way toward making America more socially inclusive,” Tyler Cowen, an economist, wrote in his book “Big Business: A Love Letter to an American Anti-Hero.” But Mr. Cowen also noted that it is “profit maximization alone — not to mention the consciences of some C.E.O.s” — that “puts big business these days on the side of inclusion and tolerance.”
Still, statements by companies about their social priorities deserve a healthy dose of skepticism.
Indeed, some of the same companies taking part in the stampede of statements critiquing voting laws, like Facebook, Google and AT&T, also recently donated money to the Republican State Leadership Committee, a group that supports many of the voting initiatives. Judd Legum, a journalist, pointed out this hypocrisy .. https://popular.info/p/facebook-pledged-to-suspend-political .. in his Popular Information newsletter, noting that Republicans have introduced bills to restrict voting in 47 states.
And statements — even moving an All-Star Game — are not expensive. Senator Marco Rubio, Republican of Florida, made this point in a letter to M.L.B.’s commissioner, Rob Manfred, calling its move “an easy way to signal virtues without significant financial fallout.”
Mr. Rubio also told Mr. Manfred, “I am under no illusion you intend to resign as a member from Augusta National Golf Club,” which is in Georgia. “To do so would require a personal sacrifice, as opposed to the woke corporate virtue signaling of moving the All-Star Game from Atlanta.”
The decision to move the game will impact “countless small and minority-owned businesses in and around Atlanta,” Mr. Rubio wrote.
On that last point Mr. Rubio has an ally of sorts in Stacey Abrams .. https://www.nytimes.com/2021/01/05/us/politics/stacey-abrams-georgia.html , the Democratic organizer in Georgia, but not because they agree on the underlying issue. Ms. Abrams said: “I am disappointed that the M.L.B. is relocating the All-Star Game; however, I commend the players, owners and league commissioner for speaking out. I urge others in positions of leadership to do so as well.”
She added: “I respect boycotts, although I don’t want to see Georgia families hurt by lost events and jobs. Georgians targeted by voter suppression will be hurt as opportunities go to other states.”
The truth is that business has always been a Frankenstein mash-up of the views held by Mr. Rubio and Ms. Abrams — and others across the political spectrum.
In the end, as much as one political party may want to applaud or denounce big business’s seeming lurch one way or the other, corporate America will never neatly pass a left-or-right, all-or-nothing purity test. But that’s business.
Andrew Ross Sorkin is a columnist and the founder and editor-at-large of DealBook. He is a co-anchor of CNBC’s Squawk Box and the author of “Too Big to Fail.” He is also the co-creator of the Showtime drama series Billions. @andrewrsorkin • Facebook
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