Some Companies Sit Out the Fight Over Democrats’ Tax Increases

Business lobbyists are pushing to derail about $800 billion in new taxes that come with President Biden’s spending bill, but along with opposition from Democrats they are facing an added challenge: division within their own ranks.

The largest Washington industry associations including the U.S. Chamber of Commerce oppose Mr. Biden’s roughly $2 trillion tax-and-spend package. But some major U.S. companies are on the sidelines, in part because they support other provisions in the bill to allocate hundreds of billions of dollars to combat climate change.

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