Business

What progressives get wrong about ‘corporate welfare’

When Joe Biden finally gains control of the presidential Twitter account, he probably won’t use it or his personal account to recklessly attack American companies. That’s one reason a Biden presidency will come as a big relief to many in corporate America — even if it also might mean higher taxes and more regulation.

But that’s not to say the country’s biggest businesses will be free of criticism from Team Biden. For instance: The next U.S. labor secretary will certainly be a progressive, or maybe a self-described socialist if Bernie Sanders is the pick. And even if Sanders stays in the Senate, expect the Biden administration to echo Sanders-esque themes on wages.

Source:

theweek.com

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