U.S. Tax Increase Would Undermine Business, Bolten Says

Josh Bolten, CEO of the Business Roundtable, discusses the current political climate, focusing on Democratic efforts to reach a compromise on a reconciliation package. He highlights concerns about a proposed $1 trillion corporate tax increase, which could undermine U.S. business competitiveness. Bolten emphasizes the importance of addressing climate change through market-driven solutions like a carbon tax, while also supporting government investments in infrastructure. He warns against overly prescriptive regulations and advocates for a global minimum tax to ensure fair competition.

What does Josh Bolten suggest is necessary for solving the climate problem?

How does the proposed tax increase compare to the Trump tax cuts?

What is the significance of the COP 26 meeting mentioned in the text?