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The Boston Globe



Business leaders defy anti-tax orthodoxy

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.

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