Joe Biden's American Rescue Plan: Full List of top 150 business leaders backing $1.9T Covid-19 relief package

Senior executives from Google, Goldman Sachs, AT&T, United Airlines, and others have backed President Joe Biden's $1.9 trillion coronavirus relief package


                            Joe Biden's American Rescue Plan: Full List of top 150 business leaders backing $1.9T Covid-19 relief package
Sundar Pichai (left) and David Solomon (right) are among those backing Joe Biden's (center) $1.9 trillion coronavirus relief package (Getty Images)

To combat COVID-19 in the United States, more than 150 senior executives have backed President Joe Biden’s $1.9 trillion coronavirus relief package. The wide-ranging relief package is designed to provide direct aid to American families, businesses, and communities, and a significant focus on coronavirus testing and vaccine production, while maintaining its delivery amid the pandemic.

Biden’s $1.9 trillion coronavirus relief package is titled the ‘American Rescue Plan’. As per the president, the package is an emergency measure taken to meet the nation’s immediate economic and health-care needs. As per the latest CNN report, senior executives from some of the largest American companies like Goldman Sachs, Blackstone, Google, Lyft, Comcast, At&T, and others are coming together to back the relief package.

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U.S. President Joe Biden (Getty Images)

150 companies backing Biden's relief package

Top executives from banks and investment firms like Goldman Sachs and Blackstone, to IT companies like IBM, Intel, and Google, to hospitality companies like Loews Hotels & Co., have signed a letter addressed to bipartisan congressional leaders that will be sent on February 24, 2021.

"Previous federal relief measures have been essential, but more must be done to put the country on a trajectory for a strong, durable recovery," the executives wrote in the letter. "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."

The executives further wrote in the letter that the American Rescue Plan “mobilizes a national vaccination program”, and it will deliver economic relief to struggling families across the nation. "Strengthening the public health response to coronavirus is the first step toward economic restoration," the executives wrote.

Director of the National Economic Council Brian Deese, Vice President Kamala Harris and U.S. President Joe Biden meet with Treasury Secretary Janet Yellen to urgently pass a COVID-19 relief package. (Getty Images)

"Competent leadership"

After CNN reported that American companies are backing Biden's coronavirus relief package, several people took to Twitter to provide their take on it. One user wrote: "Anyone who grasps how the economy truly works knows that business tends to gain the most from Biden's plan. And so does everyone else. And Republicans don't want to see Americans gain anything. We no longer have conservatives of conscience. We just have hatred in today's GOP." While another tweeted, "I hope people can realize the reason he is getting praise from the top 150 business leaders is because the top 150 business leaders are the primary beneficiaries of his policies, at the expense of small businesses, retail, and parents & students K-12. Follow the $ clones". Another tweeted, "This is what competent leadership looks like. Bravo."



 



 



 

Here is a look at the companies who are backing Biden’s $1.9 trillion coronavirus relief package.

Google
Sundar Pichai (CEO & Director)
Net worth: $600 million

IBM
Arvind Krishna (CEO)
Net Worth: $11.4 million

Goldman Sachs
David M. Solomon (CEO)
Net Worth: $100 million

Lyft
Jon Zimmer (Founder)
Net worth: $550 million
Logan Green (CEO)
Net worth: $750 million

Comcast
Brian L. Roberts (CEO)
Net worth: $356 million

Loews Hotels & Co.
Jonathan Tisch (Chairman and CEO)
Net worth: $1.4 billion (as of July 2019)

Intel
Gordon Moore (Co-founder)
Net Worth: $11.9 billion
Patrick P. Gelsinger (CEO)
Net worth: $107 million

American Airlines
Doug Parker (CEO)
Net worth: $69.8 million

United Airlines
Scott Kirby (CEO)
Net worth: $22.4 million

AT&T
John T. Stankey (CEO)
Net worth: $23.4 million

Blackstone
Stephen A. Schwarzman (CEO)
Net worth: $22.1 billion

We will update the companies’ list as and when more information will be revealed to the public.

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