Biden's team asks CEOs how to further boost the economy while Trump says business is on his side
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Top Biden administration officials have been reaching out to CEOs and corporate leaders to ask about their needs, encroaching on the business community terrain that former President Donald Trump considers his home turf. Both candidates want to convey that they can work with employers, despite the divided electorate. Biden's team wants to hear from CEOs about how to drive investment and sustain growth, while Trump argues that his policies such as tax cuts, deregulation, and increased oil and gas production are beneficial for business. The CEOs that the Biden team has met with are generally satisfied with the performance of the stock market and the overall economy. They are looking for ways to sustain growth, streamline government permitting, and renew a corporate tax break for research and development expenses. Corporate leaders also expressed concerns about Trump's tariff hikes and the potential disruption of relationships with trade partners. Biden's team has been increasing its outreach to CEOs at the behest of White House chief of staff Ron Klain. The administration believes that its plans for overall growth are better for profits in the long run. The shortage of skilled workers is a major concern for businesses, as there are more job openings than unemployed people seeking work. The Biden administration aims to address this issue by partnering with companies and focusing on skill development. Commerce Secretary Gina Raimondo emphasizes the need for greater partnerships with companies to ensure a large pool of trained workers and to provide paths into the middle class for voters.

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https://abcnews.go.com/US/wireStory/bidens-team-asks-ceos-boost-economy-trump-business-110984476