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FILE - President Joe Biden speaks on April 12, 2024, in Washington. Top Biden administration officials have stepped up their outreach to CEOs and other corporate leaders to ask about what they need. The effort encroaches on the business community terrain that former President Donald Trump considers to be his home turf. (AP Photo/Alex Brandon, File)

Biden's team asks CEOs how to further boost the economy while Trump says business is on his side

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America

By Josh Boak
Published - Jun 10, 2024, 10:03 AM ET
Last Updated - Jun 10, 2024, 10:03 AM EDT

WASHINGTON (AP) — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.

The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”

But for the past several months, top Biden administration officials have also stepped up their outreach to CEOs and other corporate leaders, asking about what they need. The effort encroaches on business community terrain that former President Donald Trump, the presumptive Republican nominee, considers to be his home turf.

Both candidates want to drive home a message to voters going into November that they can work with employers, even if the fiercely divided electorate has left many companies wary of publicly taking sides politically.

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