Business Sees Biden as a Relief

“Joe Biden is running for president on the sort of platform that usually makes business sweat: higher taxes on corporations and investors, aggressive action to phase out fossil fuels, stronger unions and an expanded government role in health care,” the Wall Street Journal reports.

“Yet many business executives and their allies are greeting the prospect of a Biden presidency with either ambivalence or relief. Credit that not to who Mr. Biden is, but who he isn’t: Elizabeth Warren or Bernie Sanders, senators with a much more adversarial approach to business who lost to Mr. Biden in the Democratic primary, or President Trump, whose administration has been marked by economic-policy unpredictability.”