WSJ: Top US CEOs Urge Congress to Cut Deficit, Boost Tax Revenue
Thursday, 25 Oct 2012 07:22 AM
By Barton Webster
Chief executives of more than 80 major U.S. corporations, ranging from Boeing to Caterpillar and Allstate, are calling on Congress to cut the federal deficit by boosting tax revenue as well as cutting spending, The Wall Street Journal reports.
The CEOs, in a statement, say for any plan to succeed it must "include comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues and reduces the deficit." A successful plan must also limit the growth of healthcare spending and make Social Security solvent, they claim.
The executives who signed the declaration believe tax increases are inevitable no matter which political party wins the White House in the November elections, according to The Journal.
"There is no possible way" to avoid raising taxes, said Mark Bertolini, CEO of Aetna. "You can do the arithmetic a million different ways."
http://www.newsmax.com/StreetTalk/CEOs-Congress-Deficit-Tax/2012/10/25/id/461406
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