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Business leaders view Biden with optimism, skepticism


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In the waning days of the Trump administration, the schism between big business and the Republican Party burst into the open.
While corporate America notched real gains over the last four years, including lower taxes and a looser regulatory environment, President Donald Trump routinely upset major chief executives. The Jan. 6 riot at the Capitol and the refusal of Trump and many congressional Republicans to recognize the election result was the breaking point, culminating in many large companies condemning Trump and cutting off support for his allies in Congress.
But just because big business is at odds with the Republican Party doesn’t mean it’s ready to embrace every aspect of the Democratic agenda. With President Joe Biden seeking to undo much of Trump’s legacy, including some initiatives championed by big business, chief executives are approaching the new administration with a mix of optimism and apprehension. ....

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