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.
With pressure bearing down on Washington to avoid the so-called fiscal cliff, business leaders around the country have been stepping up in support of a compromise to cut federal spending and raise more tax revenue. Robert Pozen, the former mutual fund executive and economic chief under Governor Mitt Romney, said there’s growing agreement that, “You’ve got to have a core of revenue and a core of long-term spending cuts.”