Sep 9, 2021 - Economy & Business

First look: Secretary Raimondo urges business to back social infrastructure plans

Mike Allen
Commerce Secretary Gina Raimondo briefs at the White House in July. Photo: Michael Brochstein/Sipa USA

Commerce Secretary Gina Raimondo briefs at the White House in July. Photo: Michael Brochstein/Sipa USA

Commerce Secretary Gina Raimondo, speaking virtually Thursday to the City Club of Cleveland, will appeal to business to back President Biden's social-infrastructure plans as "a competitive advantage" for America.

What she's saying: "I get it. We’re asking you to pay more in taxes," Raimondo, who has met with more than 100 CEOs since joining the Cabinet, says in remarks shared first with Axios.

  • "But I'd also suggest that if the business community doesn’t like the pay-fors we've proposed, it's time to come up with some real alternatives that don't raise taxes on middle class families."

Raimondo, former Rhode Island governor, promises this payoff: "A more stable democracy and a more sustainable capitalist system."

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