Tuesday, November 13, 2012

CEOs Join's the President on Tax Increases.

"With their votes, the American people determined that governing will now be a shared responsibility between parties," 


          Obama Calls for Revenue-Neutral Corporate Tax Reform


The CEO's, in a statement to be released on Thursday, say any fiscal plan "that can succeed both financially and politically" has to limit the growth of health-care spending, make Social Security solvent and "include comprehensive and pro-growth tax reform, which broadens the base, lowers rates, raises revenues and reduces the deficit." 


The CEO's 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."
 
"With their votes, the American people determined that governing will now be a shared responsibility between parties," Obama said, referring to the 2010 midterm elections. "New laws will only pass with support from Democrats and Republicans. We will move forward together, or not at all -- for the challenges we face are bigger than party, and bigger than politics."


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