Hopes for Biden’s Build Back Better Bill – GM’s mediation role

For months, the executive branch of the largest American corporation, known as the Business Roundtable, has been a thorn in the side of the Biden administration as it has spent millions of dollars promoting its positions in Washington.

Among these positions is her opposition to the bill, which is the “cornerstone” of President Biden’s domestic policy agenda, POLITICO comments.

However, Democrats hope that the current negative situation can change for the better.

This hope is revived by the fact that the new head of the aforementioned non-profit association supports the bill (Build Back Better – BBB).

Earlier in the year, General Motors (GM) chief executive Mary Barra took over the leadership of the union, as her company claims that the BBB bill “puts the country on the road to serious issues”. GM has pledged to be carbon-neutral by 2040, and the Biden’s BBB legal framework will include a $ 12,500 tax-exempt provision for those who decide to buy electric vehicles.

The White House sees Bara as an ally on this front. She was next to President Biden last Wednesday as part of a meeting between the US president and executive directors of companies that support the BBB bill.

During the meeting, Barra thanked Biden for the opportunity to speak on “her goals, which are in line with those of the White House on the transition to a comprehensive future of electric vehicles.”

On the other hand, people close to GM, but also to the Business Roundtable association, believe that Bara is taking a stand for a balanced bill, as it represents one of the most powerful associations in the Washington business community.

However, the business association’s stance on the BBB bill remains unchanged, having publicly urged members of Congress to reject President Biden’s domestic policy agenda.

Source: AMPE