Administration

Biden to meet with CEOs to discuss Build Back Better agenda

President Biden is set to meet with several corporate executives on Wednesday at the White House to discuss his Build Back Better proposal, a White House official told The Hill on Tuesday. 

The meeting includes CEOs who support passing Build Back Better, according to the official, and Biden is expected to discuss with them how the agenda “will make the U.S. economy more competitive, increase worker productivity and workforce participation, lower inflation over the long-term, and strengthen business growth.” 

The meeting, which is slated to be in person, will include General Motors CEO Mary Barra, Ford CEO Jim Farley, Microsoft President Brad Smith and Salesforce CEO Marc Benioff. 

“The private sector leaders will highlight what they see as the key benefits of BBB for the American economy and American business,” the official said.  

Biden conceded last week to potentially breaking up the sweeping climate and social spending package, acknowledging that some proposals won’t survive and signaling his openness to exploring what a pared-down bill might look like.

The House passed a $2.2 trillion Build Back Better bill, but it stalled in the Senate, where it doesn’t have support from moderate Sen. Joe Manchin (D-W.Va.). Manchin has pointed to the price tag and concerns that it may worsen inflation in opposing it.

Other CEOs included in the meeting on Wednesday are Thasunda Brown Duckett of TIAA, Barbara Humpton of Siemens Corporation, Tom Linebarger of Cummins, Enrique Lores of HP, Josh Silverman of Etsy, and Wendell Weeks of Corning. Commerce Secretary Gina Raimondo and climate adviser Gina McCarthy will also attend.

Farley, CEO of Ford, said in a statement that he is looking forward to meeting with Biden about the plan for the U.S. to lead the global transition to zero-emissions transportation.

“Ford is leading the EV [electric vehicle] revolution and breaking constraints to increase production of the all-electric versions of our most iconic and popular vehicles, like the F-150 Lightning arriving this spring. And there’s more to be done,” he said. “Strengthened consumer incentives will help get more drivers behind the wheels of EVs and help American workers lead the global transition to zero-emissions transportation.”

General Motors, whose CEO will also be in the meeting, unveiled a nearly $7 billion investment in EV manufacturing sites in Michigan on Tuesday, a move Biden hailed as a sign of a “manufacturing comeback.”

House Majority Leader Steny Hoyer (D-Md.) on Tuesday predicted that large portions of Biden’s Build Back Better agenda can become law before the midterm elections, listing provisions such as universal early education, an ObamaCare expansion, billions of dollars for climate programs and a provision empowering Medicare to negotiate lower drug prices on behalf of seniors.

Tags Gina McCarthy Gina Raimondo Joe Biden Joe Manchin Steny Hoyer

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File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)
File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)

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In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)
In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)

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