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The Boston Globe

Business

Business leaders offer suggestions on budget crisis

Some favor taxes on high-income earners and paring government spending to resolve a looming budget crisis. But where to make the cuts poses tricky questions.

If Robert Pozen were in charge, the former mutual fund chief executive and economic chief under Governor Mitt Romney would cut tax deductions and work on trimming back Social ­Security benefits.

Darryl Settles, a Boston restaurateur and jazz promoter, says he would back President Obama’s call for raising taxes on higher incomes but with a ­caveat: “Here in Boston, $250,000 is not wealthy,” Settles said.

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