Biden social spending package discussions to continue with auto CEOs Barra and Farley
CBSN
The CEOs of top American automakers and other heads of industry are expected to meet at the White House on Wednesday to discuss the future of President Biden's proposed social and climate spending package, a person familiar with the meeting plans told CBS News.
General Motors CEO Mary Barra and Ford CEO Jim Farley are expected to attend the meeting, the source added. These two leaders of two of the three big auto manufacturers in the U.S. are expected to advocate for tax credits for electric vehicles and the infrastructure to support them. The original Build Back Better proposal included around $12,500 in tax credits for buyers of new and used electrical vehicle purchases.
GM on Tuesday announced a $7 billion dollar investment into four facilities for electric vehicle production in Michigan. Michigan Governor Gretchen Whitmer, a close ally of Mr. Biden's, said her state will be "leading the way in electrifying."
