Sunday, June 19, 2005

Bush Finds Resistance from Business Community

Business interests still enthusiastically support a number of items on Bush's wish list, including a new energy policy, expanded trade and legal reforms meant to curb costly lawsuits and court settlements.
But "there is a much tougher row to hoe to keep the business community specifically supportive and united on the tax bill, on Social Security and other parts of the agenda," said Jade West, top lobbyist for the National Association of Wholesaler-Distributors.
Companies have been downright hostile to some of Bush's plans, including a proposal for strengthening the private pension system, which could be costly for companies that are required to pay higher premiums.
If the resistance continues, it could prove troublesome for Bush, who benefited from strong backing by business and industry in his first term.

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