President Joe Biden's $1.9 trillion rescue plan is getting high marks from business leaders.
Seventy-three percent of the CEOs and business leaders polled during Wednesday's virtual Yale CEO Caucus support Biden's American Rescue Plan. That includes 37% who indicated "strong" support for the package.
This suggests the C-Suite is even more supportive of the plan than Americans at large, as a CNN poll released Wednesday showed 61% of the public supports the legislation.
"This is a big day and we're very thankful for what the administration is getting done and what Congress is getting done with this bill," American Airlines CEO Doug Parker said during the Yale event.
But business leaders are also concerned the Biden plan may be too expensive. Of the leaders polled by Yale, 61% say the $1.9 trillion package goes too far, while just 27% say it is just right.
"But they still like it. There's a paradox," said Jeffrey Sonnenfeld, founder of Yale's Chief Executive Leadership Institute.
Parker, the American Airlines CEO, said there will always be those who think something can be done for less.
"That's not the bigger point," he said. "The bigger point is there is broad public support for this bill. And that's certainly true among those of us that are running airlines."