Eye Recommend --- Business Leaders Demand Deficit Deal, Even With Higher Taxes
BUSINESS LEADERS DEMAND DEFICIT DEAL, EVEN WITH HIGHER TAXES, New York Times editorial, reproduced in The Seattle Times -- Finally, Republicans I could talk to! Eighty chief executives from major U.S. corporations realize that spending cuts alone will not reduce our deficit. They are stepping up to form a lobbying group in support of higher corporate taxes to go along with spending cuts--something President Obama has been championing for years.
"The partisan rift over taxes has blocked a deficit-reduction deal for two years, and spilled into the 2012 campaigns; now business leaders are stepping up pressure on Congress to get a deal even if it calls for more revenue, including higher tax bills for themselves...The executives warned that the uncertainty spawned by the deficit, which has topped $1 trillion for four consecutive years, is dampening hiring and investment, and stifling the fragile economic recovery."
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