Commentary: A GOP Majority Will Pushback on Corporate America

The results of the 2022 midterms will be dissected endlessly. But among the political ramifications is a very important question for American business executives: With Big Business increasingly involved in political debates (and usually taking sides against Republicans), how will the relationship between the two change under a new GOP House majority?

One answer is that companies should be ready for a wake-up call. This Republican majority will be more populist and less deferential to massive corporations than any that has come to power in the past. Never has the disconnect between executives, employees, and customers been so apparent.

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Big Business Urges Lawmakers to Prevent Certain Illegal Migrants from Deportation

The Coalition For The American Dream, a group composed of 80 businesses, called for lawmakers to pass legislation to prevent deportation of recipients of the Deferred Action for Childhood Arrivals (DACA) program after it was declared illegal.

The letter’s signatories, which include Amazon, Apple, General Motors, Microsoft, Target and Verizon as well as trade associations like the Chamber of Commerce, asked lawmakers to pass permanent, bipartisan legislative solutions to prevent the migrants from being deported, claiming the migrants provided economic value to the U.S. DACA, implemented by the Obama administration in 2012, allows immigrants who entered the country illegally and have been in the U.S. since they were children to stay in the country and gain work authorization, a process that is renewed every two years; however, the program was declared illegal by the 5th Circuit Court on Oct. 5.

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Commentary: States Can Help Conservatives Secure Even More Legal Victories

America is currently in the midst of a broader political realignment. The political Left, which once upon a time purported to stand for the forgotten “little guy” against the titans of Big Business, has in recent years decided that Big Business is actually an ally of convenience in its long Gramsci-an “march” through the institutions. Chris Rufo has perhaps demonstrated this trend better than anyone else.

And the political Right, whose once-instinctive neoliberal proclivities made it a convenient ally for Big Business, is currently rethinking its approach to political economy in general, as well as its specific relationship to culturally leftist multinational corporations. The most tangible recent expression of this rethinking has been Florida Republican Gov. Ron DeSantis’ crippling punishment of The Walt Disney Company for its coming out on behalf of sexually grooming innocent children in the Sunshine State.

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Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most

America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller companies than large companies, according to the agency’s own analysis.

While the rules would cost large corporations $640,000 at first and $530,000 in subsequent years, they would cost smaller publicly-traded companies $490,000 initially and $420,000 in following years, the Securities and Exchange Commission (SEC) said in its proposal. The regulator’s analysis suggests that smaller companies would feel a relatively larger financial burden as a result of the proposed disclosure rules.

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Marco Rubio Proposing GOP Divorce from Big Business

Florida Sen. Marco Rubio (R) is calling for Republicans to break from big business in policy and polities when he spoke at the National Conservatism Conference yesterday. He also penned an op-ed in the Orlando Sentinel saying America’s largest companies have peddled “anti-American ideologies” and “wokeness” which has contributed to America’s growing partisan divide.

Rubio comments from the conference were pared down into another op-ed posted in The American Conservative where he said if conservatives do not fight back using “corporate patriotism,” Rubio said “we would lose America.”

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Business Groups Slam Biden’s ‘Flawed’ Competition, Antitrust Executive Order

Joe Biden

President Joe Biden’s competition and antitrust executive order will harm American consumers, groups representing both large and small businesses said.

The leading groups — including the Chamber of Commerce, Job Creators Network (JCN) and the National Association of Manufacturers (NAM) — slammed Biden’s executive order, arguing that it will harm competition and present a host of challenges to small businesses. The business groups said the order is an example of big government attempting to exert control over the free market via onerous rules and regulations.

“This executive order amounts to a bizarre declaration against American businesses, from the largest to the smallest,” Small Business and Entrepreneurship (SBE) Council Chief Economist Raymond Keating said in a statement. “It’s hard to understand why a White House would go down such a path, especially as the economy is digging out from the COVID-19 disaster.”

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Review: Stephen R. Soukup’s New Book ‘The Dictatorship of Woke Capital’ Explores Big Business’ Role in Pushing Wokeness

During the 2019 shareholder season, Justin Danhof, general counsel for the National Center for Public Policy Research, tabled a shareholder proposal at Amazon’s annual meeting. “Diversity in board composition is best achieved though highly qualified candidates with a wide range of skills, experience, beliefs, and board independence from management,” it read. Uncontroversial, one might think, but Danhof was booed and heckled throughout his presentation. Afterward, a representative for Arjuna Capital (which “works with high net-worth individuals,” its website says) told Danhof that he was simply trying “to protect white males.” A representative of the Nathan Cummings Foundation (with $424 million of cash and investments, on its most recent balance sheet) made clear that Danhof was unwelcome and should hasten, lest he be late for his next Klan meeting or book burning.

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