AdamT
DP Veteran
- Joined
- Jul 26, 2011
- Messages
- 17,773
- Reaction score
- 5,746
- Gender
- Male
- Political Leaning
- Undisclosed
Unlike a certain former businessman who is now running for president, 80 actual CEOs of major U.S. companies are urging Congress to tackle the debt in the only sensible way possible: by addressing both sides of the ledger.
The CEOs who signed the manifesto deem tax increases inevitable no matter which party succeeds at the polls in November. "There is no possible way; you can do the arithmetic a million different ways" to avoid raising taxes, said Mark Bertolini, CEO of Aetna. "You can't tax your way to fix this problem, and you can't cut entitlements enough to fix this problem."
...
The executives called the Simpson-Bowles commission approach—about $3 in spending cuts for every $1 of tax increases—an "effective framework" for addressing what they termed "a serious threat to the economic well-being and security of the U.S."
CEOs Call for Deficit Action - WSJ.com