McDonaldâs CEO Chris Kempczinski insists lawmakers need to pass another COVID-19 stimulus package.
During his appearance on CNBCâs âSquawk on the Street,â Kempczinski congratulated President-elect Joe Biden and Vice President-elect Kamala Harris for their victory.
He expressed he is optimistic the nation can tackle some of the larger issues it is facing now.
âOur hope and expectation is that as weâve now moved from the election, that we can turn our sights toward working together and solving some big issues that we still as a country face,â Kempczinski said.
He added, âCertainly coronavirus is one of those issues. We need a stimulus measure, I think that is very clear.â
Check out his remarks below:
Senate Majority Leader Mitch McConnell (R-Ky.) told reporters on Friday he believes because the Economy is headed toward recovery, Congress should pass a smaller stimulus bill, as IJR previously reported.
âI think it reinforces the argument that Iâve been making for the last few months, that something smaller â rather than throwing another $3 trillion at this issue ââis more appropriate,â McConnell said.
House Speaker Nancy Pelosi (D-Calif.) opposed McConnellâs suggestion for a smaller relief package.
âIt doesnât appeal to me at all, because they still have not agreed to crush the virus. If you donât crush the virus, weâre still going to have to be dealing with the consequences of the virus,â Pelosi said.
She continued, âThat isnât anything that we should even be looking at. It wasnât the right thing before.â
Kempczinski was asked if the business community will be âplaying defenseâ on corporate tax, minimum wage, or workplace regulations, things done away with under President Donald Trumpâs administration.
âI certainly think there were things that the Trump administration proposed and supported that we found very helpful and that aligned with our beliefs,â Kempczinski said.
He stressed, âWe are not against a conversation on the minimum wage.â
âLetâs just make sure that as changes are introduced, we do it in a logical way that balances the needs of, certainly people but also balances the needs of business owners,â Kempczinski said.
