The divide over the debt ceiling is the latest example of deep fissures that have formed between Republicans and corporate America, leaving some of the biggest companies with a shrinking number of political allies at a perilous time for the economy.
WASHINGTON — Corporate America’s warnings of a financial catastrophe if Congress fails to
The divide over the debt ceiling is the latest example of deep fissures that have formed in recent years between Republicans and corporate America, leaving some of the country's biggest companies with a shrinking number of political allies in Washington at a particularly perilous time for the economy.
The GOP-business relationship has been on the rocks since the Trump administration, when former President Donald Trump's policies on trade and immigration collided with those of the business community. Trump’s election in 2016 also shifted power in the GOP base to voters who were often more interested in upending Washington than in focusing primarily on tax cuts and deregulation.
At the same time, many Republicans at the state and federal levels have rallied support from their base by painting big corporations as villains for their positions on issues from abortion access to gender and racial equality. In Florida, Gov. Ron DeSantiswhen it criticized his proposal to ban discussion of gender and sexual orientation in kindergarten through third grade.
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