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Senior executives from more than 150 companies are voicing support for President Joe Biden’s $1.9 trillion stimulus package in a letter to congressional leaders urging them to pass coronavirus relief.
2021 Inauguration Day news coverage

Senior executives from more than 150 companies are voicing support for President Joe Biden’s $1.9 trillion stimulus package in a letter to congressional leaders urging them to pass coronavirus relief.

The letter is signed by leaders across industries, including David Solomon, chairman and chief executive officer at Goldman Sachs; Stephen Schwartzman, the chairman and CEO of Blackstone; Sundar Pichai, the CEO of Google; and John Stankey the CEO of AT&T.

“We write to urge immediate and large-scale federal legislation to address the health and economic crises brought on by the COVID-19 pandemic,” the executives wrote in the letter, first reported by CNN.

“Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration’s proposed American Rescue Plan.”

Biden’s bill includes a range of spending measures, including for distributing vaccines, reopening schools, support for state and local governments and the direct payments that the president promised during the campaign season.

Democrats are moving forward with the bill despite not having much support from Republicans, who have called the measure too expensive and unnecessarily broad.

“Strengthening the public health response to coronavirus is the first step toward economic restoration,” the executives wrote. “The American Rescue Plan mobilizes a national vaccination program, delivers economic relief to struggling families, and supports communities that were most damaged by the pandemic.”

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