Here are the lobbies that get in the way of the Biden agenda

5 October 20213 years ago babelfish

Tobacco, oil and drugs are the sectors in which companies and business associations try to torpedo Biden's plan in the US. The article by Giuseppe Gagliano

Lobbyists from all sectors are working to torpedo the key measures of the Democratic plan, amounting to 3.5 trillion dollars. This further complicates the task of President Biden and party leaders to approve their domestic policy agenda in Congress this fall.

The attacks are carried out on multiple fronts and are intended to persuade Democratic lawmakers to seek changes to the bill, which is already attracting opposition from Republicans.

Lobbyists, particularly working for the pharmaceutical industry, oil and gas majors and tobacco giants, are lobbying their allies in Congress to eliminate any measures that could help finance the plan by taking billions of dollars from these sectors. .

Private equity firms like Blackstone and Carlyle Group also oppose reforms that would cost the industry more than $ 1 billion a year.

For their part, Big Pharma lobbyists are trying to remove provisions that could cost the industry $ 700 billion over ten years, including one that would allow the government to negotiate wholesale prices for prescription drugs in the US. scope of Medicare.

Tobacco producers and convenience stores are trying to counter tax increases on tobacco and e-cigarettes. And, for its part, the plastics industry says that any attempt to tax single-use manufacturers would increase costs to consumers by more than $ 100 billion.

The $ 3.5 trillion bill encompasses much of Biden's domestic political agenda, including measures to tackle climate change, reduce income inequality, strengthen public health and improve education.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/lobby-piano-biden/ on Tue, 05 Oct 2021 05:05:10 +0000.