The president has a compelling antimonopoly record. But he doesn’t always lean into it. And voters don’t really know of it. The debate could change that.
Progressives have long believed that President Joe Biden should position himself as more of an enemy of the CEO class, arguing that his most populist policies are also his most popular ones. | Chip Somodevilla/Getty ImagesA contingent of progressive Democrats and White House allies are privately urging President Joe Biden’s team to use Thursday’s debate to recast his candidacy as an attack on the billionaires and big businesses that Donald Trump has increasingly embraced.
Progressives have long believed that Biden should position himself as more of an enemy of the CEO class, arguing that his most populist policies are also his most popular ones. Biden has already built the resume to back up such an approach, progressives argue, by greenlighting crackdowns over the last three years on major airlines, tech giants, drug makers and meatpackers, among other industries. Powered by a 72-point plan to reinvigorate antitrust enforcement that Biden signed during his first days in office, agencies across the administration have prioritized reining in corporate power and eliminating the business practices that voters loathe the most.
Murphy cited prescription drug pricing as among the popular issues that’s yet to fully break through for voters, largely because the messaging gets bogged down in policy minutiae. Biden officials at the White House and campaign have seized in particular on Trump’s plans to slash corporate taxes and impose widespread tariffs, moves that economists have warned would drive up inflation. They believe Biden’s contrasting vision of higher taxes for the wealthy and corporations carries far more appeal with populist-minded voters.
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