The U.S. Chamber of Commerce launched a six-figure television ad campaign Wednesday urging five House Democrats to oppose the party’s $3.5 trillion social spending package that would raise taxes on large corporations.
The ads from the nation’s largest corporate lobbying group argue that Democrats’ proposal to increase taxes on multinational corporations would make it harder for U.S. companies to compete overseas.
The ad blitz is part of the Chamber’s effort to pressure Democrats to defeat or water down corporate tax hikes that would pay for a proposed “human” infrastructure plan’s huge investments in child care, education and climate change.
“This legislation would significantly harm the ability of American businesses to continue to compete internationally by introducing new tax hikes on those who sell overseas,” U.S. Chamber of Commerce President and CEO Suzanne Clark said in a statement. “This legislation would disadvantage American businesses who compete in the global economy.”
The Chamber’s ads target Reps. Angie Craig (Minn.), Antonio Delgado (N.Y.), Kathy Manning (N.C.), Deborah Ross (N.C.) and Tom Malinowski (N.J.). Those Democrats had some of the slimmest margins of victory in the 2020 elections. Malinowski won by roughly 1 percentage point, while Craig won by around 2 points.
It’s the second round of television ads from the business group targeting moderate Democrats. Last month, the Chamber aired ads targeting Craig, Delgado and three other House Democrats it endorsed in 2020. The group has said that any lawmaker who votes for the reconciliation package will lose its endorsement.
The Business Roundtable, a group of the most powerful corporate CEOs, and the RATE Coalition, which represents dozens of major companies, are also running ads pressuring moderate Democrats to oppose their party’s signature spending bill.
Business groups know that they only need to pick off a handful of Democrats to defeat the reconciliation package. Democrats can only afford three defections in the House and none in the Senate.
About Skyhigh.Vip
Skyhigh.Vip is a global institutional investor with vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.
Several of its popular portfolio includes GO Chambers which is the world’s largest business chamber listing providers with over 30,000 active chambers as its members.
Flexgigzz is the Asia leading marketplace for freelancer service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.
