Businesses Brace for a Democratic Congress

By Emily Glazer Close Emily Glazer , Collin Eaton Close Collin Eaton and Orla McCaffrey Close Orla McCaffrey Jan. 8, 2021 7:00 am ET Businesses are scrambling to assess the impact of Democrats winning control of the Senate, a development that took some by surprise and is expected to accelerate Biden administration policy changes and increased regulatory scrutiny of industries such as finance and oil.

While Senate rules currently require 60 votes to pass most bills, Democratic control increases the prospect of policy changes, such as an increase in the corporate business tax rate and health-care overhauls, said Dave Sekera, U.S. chief market strategist at investment-research firm Morningstar Inc. A spokesman for Mr. Sanders didn’t allay those concerns. “We’re going to fight for a budget that takes on the greed and corruption of Wall Street, the military industrial complex and the pharmaceutical, health insurance and fossil fuel industries, and create an economy and a government that works for all of us, not the 1%,” said Keane Bhatt, Mr. Sanders’s communications director.

CEOs involved in the Business Roundtable, an association of large company leaders, met with Treasury Secretary nominee Janet Yellen and others in December as companies and lobbyists make their pitches and try to ingratiate themselves with incoming Biden officials, people familiar with the matter said.

Still, there may be more compromise with a virtual tie in the Senate. “I think the moderates will have an important voice,” said Jeff Aronson, co-founder and managing principal of investment firm Centerbridge Partners. “They may not attract as much attention as the people on the left or the right, but they will be quite impactful.”

Well seeing as clean waterislife , without it there is none and they make their profit off of destroying water, they should tremble in fear. Their greedy actions of their love for the $ over lives is slowly killing us, It’s past time for them to invest in clean RenewableEnergy

Good luck to American businesses...

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