Breitbart Business Digest

April 12, 2021

Today's Top Stories From the Breitbart News Desk

Dozens of CEOs along with prominent business leaders and lawyers held a Zoom call over the weekend to discuss how to further legislation to relax voting regulations nationwide. The objective of the call was apparently to share that executives from companies like PepsiCo, PayPal, T. Rowe Price, and others were prepared to effectively punish states that pursued legislation that would enhance voter integrity. Another point of the virtual meeting was, of course, to recruit more multinational conglomerates to the cause. America has some of the most lax voting rules in the western world, but even those have been likened to "Jim Crow" laws in recent days by Democratic Party activists and politicians. These activist Democrats have seemingly taken hold over corporate boardrooms. This is a massive evolution in the woke-ification of American business; this trend will no doubt continue.

Biden surrogates spent the weekend making the case for infrastructure -- but not just "traditional" infrastructure, human infrastructure. The Breitbart Business Digest is not certain exactly what that means, but depending on which Biden surrogate you ask, it includes housing, child care, addressing climate change, the "care economy," climate change (it's worth two mentions), and possibly even amnesty for illegal aliens. If all of this is "infrastructure," then the word has no meaning. And if the word has no meaning, "infrastructure" probably won't pass into law unless substantial tweaks are made to the original proposal. We'll keep you posted.

Also in the news, the U.S. budget deficit expanded to a record $1.7 trillion in the first half of the fiscal year. This week, we are keeping an eye on key indicators of inflation. As previously noted, our deepest concern is "K" shaped inflation where spikes in the relative price of essentials like gas and food disproportionately harm the lower and working classes.

Janet Yellen said she would not label China as a currency manipulator. This is not a surprise. The Trump administration gave the communist country that designation in 2019 but removed it a few months later.

– Alex Marlow & John Carney
Breitbart News Network

TOP STORY

GOP Memo Outlines Partisan Wish List in Biden Infrastructure Plan

The Senate Republican Conference released a memorandum outlining President Joe Biden’s partisan “infrastructure” wish list that will destroy the job market. The memo details what the consequences of the wish list would mean for the American people, should the plan become effective. The “partisan plan” is set to “kill jobs” for hard-working Americans and will create a “slush fund” for the left at taxpayers’ expense, according to the memo. Some Democrats have made arguments that paid leave, child care, and caregiving are “infrastructure” and should be part of the package. The Republicans argue the “jobs plan” will really pose as a job killer, and the “infrastructure” will create a slush fund for the left’s wishes. The memo outlined the Biden plan as an extremely partisan, “job-crushing slush fund,” noting only roughly five percent of the proposed $2.7 trillion bill has to do with actual infrastructure. [Click here for more]

IN OTHER STORIES...

Poll: 98% of CEOs Say Biden Tax Hikes Would Have ‘Significant Adverse Effect’ on Competitiveness

A Business Roundtable survey released Monday found that 98 percent of CEO members said proposed tax hikes would have a “significant adverse effect” on their ability to compete. Via Business Roundtable: According to the survey results, 98 percent of CEOs said that an increase in the corporate tax rate from 21 percent to 28 percent would have a “moderately” to “very” significant adverse effect on their company’s competitiveness. [Click here for more]

CDC Director Rochelle Walensky: Michigan Should ‘Close Things Down’ Amid Coronavirus Surge

Centers for Disease and Control Prevention (CDC) Director Rochelle Walensky on Monday suggested Michigan “close things down” as part of an effort to curb the state’s rising number of coronavirus cases. “When you have an acute situation, an extraordinary number of cases like we have in Michigan, the answer is not necessarily to give vaccines... [Click here for more]

Financial Corruption Plagues House Democrats as Republicans Find Success in Push to Ditch Corporations

An interesting trend is emerging in American politics whereby Democrats are emerging as the party of financial corruption as Republicans find fundraising success sans corporate dollars. The tectonic political shift could prove significant in the long-run leading into the 2022 congressional midterm elections, and beyond. Several frontline House Democrats find themselves embroiled in financial corruption scandals, with at least five—Reps. Vicente Gonzalez (D-TX), Dean Phillips (D-MN), Stephanie Murphy (D-FL), Tom Malinowski (D-NJ), and Sean Patrick Maloney (D-NY)—facing questions and criticisms over their personal finances and portfolios... [Click here for more]

China Increases Food Dependence on U.S. as Corn Prices Soar

America is China’s top supplier of corn so far in 2021, Chinese media noted Sunday, with corn prices in China at record highs. Corn is used in China for feeding pigs — pork is the nation’s most popular meat — making it an indispensable crop. Increased demand for corn follows not just a devastating African swine flu outbreak that sent pork prices soaring... [Click here for more]