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“The great irony is that there’s a good news story to tell … about American business, and rather than telling that story, it looks like it may be more of an attempt to kind of lay blame,” Bradley lamented. Some business groups called for policymakers to drop the political theater tonight - though we wouldn’t suggest holding your breath - and to take action on their priorities. Some of these targets could be domestic but more likely Chinese companies doing business in the U.S.,” such as Shein and Temu. The firm also warned that “if you have supply chains that touch China, watch for arrows” from Biden tonight, when the president “very well could try to out-hawk the China Select Committee and Trump with new or continued attacks on imports and Chinese ties. Some familiar players that the firm said should be on notice include tech companies, private equity and the fossil fuel industry, along with banks and credit cards, the travel and entertainment industries, landlords and other consumer brands. “Companies should be prepared for a potential callout and have a plan for telling their side of the story quickly and aggressively,” the lobbying firm Monument Advocacy said in a primer for clients, noting that “in a bygone era, a positive mention of your brand by the President in a nationally televised address would have been a badge of honor, but with today’s hyper-partisan, and increasingly populist electorate, it is far more likely your brand or industry will be the target of an attack.” Biden is expected to call for additional tax hikes on businesses and warn against permanently extending a slew of tax breaks set to expire next year, while going after corporate consolidation and continuing to hammer so-called junk fees, “shrinkflation,” drugmakers (and pharmaceutical middlemen) and more. The Chamber this week published a listicle of “Five Times the Administration Wrongly Blamed Business for High Prices,” which went on to list five areas where the business lobby blamed what it called the White House’s “price control” agenda.
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“In every instance that just hasn’t been supported by the data or the facts - and in many cases by the government’s own data,” he argued. Chamber of Commerce, said of the White House’s push to attribute higher prices to corporate greed. “With respect to some of the particulars that we expect may be included in the State of the Union, we’ve heard many of these claims before,” Neil Bradley, the chief policy officer at the U.S. DOWNTOWN PREPARES FOR BIDEN’S JABS: Business lobbyists are already rolling out rebuttals to President Joe Biden ahead of tonight’s State of the Union, during which corporate America is poised to be one of Biden’s top punching bags on any number of policy issues.