Browsing: Chamber of commerce

Three progressive senators are asking why the Chamber of Commerce started a coalition earlier this year to oppose a White House rule that would allow it to use march-in rights to reduce drug costs. Democratic Sens. Elizabeth Warren (Mass.), Jeff Merkley (Oreg.) and Sen. Bernie Sanders want to know the reason.

Business groups, led by the U.S. Chamber of Commerce, filed a lawsuit against the Federal Trade Commission (FTC) to contest its decision to ban noncompete agreements. On Tuesday, the FTC voted 3-2 to approve the rule prohibiting new noncompete agreements. The rule also mandates that employers invalidate existing noncompete agreements and inform current and former employees that they will not be…

A recent analysis from the progressive Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF) revealed that many prominent U.S. businesses paid their top executives more than they did in federal taxes from 2018 to 2022. This report coincides with President Biden's proposal to raise the corporate tax rate to 28 percent,…