The Washington Post reports that the business community is mostly OK with modest tax increases to fund infrastructure:
Corporate America’s relatively muted reaction thus far to significant tax hikes was until recently unthinkable and reflects major changes in U.S. politics — the most important of which may be the recent falling out between the GOP and business elites.
When congressional Republicans worked to approve a $2 trillion tax cut in 2017, the GOP and corporate America worked together seamlessly to build support for the measure and push it into law.
Now, that relationship is under unprecedented strain. Congressional Republicans are incensed by corporate criticisms over GOP-backed voting restrictions and stances on culture war issues. Business groups, meanwhile, have increasingly eyed the GOP as a dangerous partner, toxic to their brand and harmful to their ability to recruit young worker talent.
Hmmm. "Toxic" to their brand. Here is Yale associate dean Jeffrey Sonnenfeld, who is extremely plugged in to the CEO community, in a Politico story from a few days ago:
Divisiveness in society is not in their interest—short term or long term. They don’t want angry communities; they don’t want fractious, finger-pointing workforces; they don’t want hostile customers; they don’t want confused and angry shareholders.... That is 100 percent at variance with what the business community wants. And that is a million times more important to them than how many dollars of taxes are paid here or there.
If [corporate tax rates] go from 34 percent to 27 percent instead of 22 percent, they’re way less concerned about that. There’s too much focus on taxes. On taxes, what we’re seeing is, in fact, CEOs are willing to concede. There’s a lot of ground there.
The bottom line, so to speak, is that in the past the business community stayed in its lane and didn't worry much about the social conservative wing of the Republican Party. But now they feel like it's out of control and bad for business. Like it or not, big corporations have mostly adopted the vaguely liberal "responsible citizen" attitude of the majority of Americans, namely that climate change is bad; diversity is good; mass killings are bad; immigration is good; trade wars are bad; trans people are good; and so forth. This is the corporate persona that they actively promote in their advertising, and they do it because their market research says this is what most people want.
And of course, perhaps most important, boycotts are bad. Corporations want to sell their stuff to everyone and not have to worry about either side going medieval on them because they're forced to take public sides on issues they don't truly care that much about.
Now, this is an interesting perspective, and you can add to it the fact that businesses, more than individuals, are keenly aware that they need high-quality infrastructure to survive. So they're willing to pony up some new taxes because taxes are, to them, just a cost of doing business, not a holy war led by the ghost of Ronald Reagan.
This all makes sense but it is absolutely not a sign for Democrats to go hog wild in hopes that corporate America has abandoned the GOP for good. For one thing, businesses do still care about unions and regulations, and that's going to keep them at arms distance from Democrats. What's more, they haven't suddenly become a bunch of Bernie bros. All they want is for Republicans to turn down the volume a bit.
In the end, they believe that a happy, contented consumer base is a consumer base that spends lots of money. So that's what they want. Joe Biden may be a Democrat, but he seems very familiar to them in his guise of happy, contented Uncle Joe. By contrast, Tom Cotton and Josh Hawley and Tucker Carlson and others seem like they're doing nothing but upsetting the apple cart over trivial crap like Dr. Seuss and trans bathrooms that no one would care about if they'd just shut up about it.
The big question, of course, is whether they're willing to put their money where their mouths are and stop funding the party if it doesn't calm down. I have my doubts about that. After all, those Democrats and their regulations are still waiting in the wings.