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T.R.U.S.T.

Joe Biden’s business allies discuss ways to pay for infrastructure plan, including a carbon tax

CNBC.com

Brian Schwartz

January 21, 2021


President Joe Biden’s allies in the business community have been meeting to craft a set of proposals, including a potential carbon tax, to help pay for an expected $2 trillion infrastructure plan.

One of those efforts, which started just after Biden was declared the winner of the election in late November, is being led by longtime Biden ally and New York business leader Dennis Mehiel, along with former Dow Chemical CEO Andrew Liveris, according to a person with direct knowledge of the matter.

Mehiel and Liveris have been reaching out to business leaders across the country to discuss ways they believe the Biden administration and Congress could move ahead with funding mechanisms for such a large-scale proposal, this person noted.

The plan is expected to come together after a few months, while Biden focuses on the Covid-19 pandemic and economic relief.


View the full article: CNBC.com

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