. 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.
Biden’s top aides heard a different view on the economy during their business outreach than what Trump is pushing. Administration officials say the CEOs they’ve met with are generally satisfied by the performance of the stock market and the overall economy, as inflation has eased without the recession that some feared. American business leaders, according to the Biden team, are looking for ways to sustain growth: There are not enough skilled workers to fill available jobs.