The great divorce: GOP to launch investigations into big business

  • 📰 nypost
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

The party will be over for big businesses that push “woke” agendas once the Grand Old Party takes over the House next month, insiders told The Post.

Long viewed as the party of big business, fed-up Republicans will now lead committees and have subpoena power as they seek to punish investment firms that prioritize the environment over fossil fuels, as well as trying to rein in China’s outsized influence on the US economy, according to several sources interviewed by The Post.

Republican-controlled states have already laid down the blueprint for targeting firms that tout ESG. Earlier the month, Florida Gov. Ron DeSantis pulled $2 billion in state pension funds from BlackRock. That was followed by an activist investor calling for BlackRock CEO Larry Fink to step down. “The GOP has the opportunity to become the party of the little guy again,” Alfredo Ortiz, President and CEO of Job Creators Network, told The Post. “Business has been associated with the GOP for a long time but this is an effort to make a clear separation between big and small business.”

“In just 47 days, House Republicans will have the gavel, and we will be prepared to hold the Biden administration accountable from day one,” House Minority Leader Kevin McCarthy tweeted the week after Republicans officially won the House. “Our investigations are just getting started.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is the way

McCarthy can't be trusted.

YAZZZZZ!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in BUSİNESS

Business Business Latest News, Business Business Headlines