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  • Job Creators Call for Bold Solutions on Tax Reform, Deficit Reduction

    Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide long-term stability on tax policy and reassure business leaders they’re serious about deficit reduction. The result is a cloudy economic climate that has left businesses sitting on cash rather than spending it. Bankrupting America compiled the views of four CEOs from American companies: Starbucks, Honeywell, EA Sports and Coca-Cola. They’re ready for Congress to take bold action.

    Posted in Scribe [slideshow_deploy]

    One Response to Job Creators Call for Bold Solutions on Tax Reform, Deficit Reduction

    1. ChuloDO says:

      What a giant bunch of nonsense from these so-called “job creators.” Honeywell paid zero taxes from 2008 to 2010, they received millions in tax rebates, and their executive pay went up 15% to an average of more than 10 million dollars for their top five executives. And they’re whining about tax policy? What, do they want MORE tax rebates so that they pay negative taxes? What, do they want further cuts to their personal income tax (even though it is the lowest it’s been in decades and has little to do with job creation, given that they are employees)?

      Reality is that increasing taxes would reduce economic anxiety because it can be used to pay down the debt, increase investment in education & infrastructure, or both. The fact that the wealthy and corporations are sitting on reserves of cash is a result of increased profits not because of the government. How laughable that they are blaming the government for being so cash-rich.

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