Raimondo Says CEOs More Reasonable on Taxes Than Lobbyists (1)

Sept. 28, 2021, 6:04 PM

U.S. Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on taxes than the trade groups aggressively lobbying against increases.

“I have not had a serious discussion where people say it’s a catastrophe if we have any increase in taxes,” Raimondo said of her conversations with CEOs. “There’s broad recognition that they will be just fine if the rate goes above 21%.”

Gina Raimondo
Photographer: Shawn Thew/EPA/Bloomberg

Former President Donald Trump’s ...

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