Lower taxes may be the economic elixir for many candidates in Tuesday’s election. But it’s worth noting that among those with the closest vantage point to the economy, lower taxes aren’t the top priority. Deficit reduction is.
Late last month, CEOs from dozens of well-known firms — Microsoft, Weyerhaeuser, Delta Airlines, Cisco, Honeywell, UPS, Motorola Solutions, Dow Chemical, General Electric, Bank of America, Aetna, Time Warner, Goldman Sachs, JPMorgan Chase, and more — released a statement calling for a deficit-reduction package that includes not just more budget cuts but more revenue.
Comments
Communist wealth redistributors!!!
It is rather surprising that the Globe, like most of the media, continue to report that the Simpson-Bowles Commission issued a report. There was a draft report that did not receive sufficient support within the Commission for it to move forward into action or law. Nevertheless, the media continue to cite the draft as though it were some Holy Grail of a balanced approach to what ails our economy. It never was. Drop it!
Who wrote this piece of garbage! We're worried about small businesses, not these goliaths!