In Social Policy Bill, Businesses See a Lot to Like. They Oppose It.
The New York Times
Resistance to tax increases outweighs the appeal of a $3.5 trillion measure containing child care credits and other items that corporations embrace.
WASHINGTON — The far-reaching social policy bill under construction in Congress has much that corporate America has long sought from Washington. Federal funding for family leave would ease the burden of businesses that currently pay for it while helping those that cannot afford it compete for workers. Child care tax credits would get women back in the work force. Income supports for young families could ease upward pressure on wages. But the bill also contains plenty for corporate America to dislike — particularly the tax increases that would pay for it — and in the cold calculus of corporate lobbying, industries are working hard to bring the whole enterprise down.
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