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CEOs to the Tax Rescue?
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This editorial in the WSJ tells readers not to confuse the spirit of a pro-growth initiative in the CEO statement of Oct. 2012 with a simple tax increase. The CEO's are doing this as a part of a larger effort for a strong recovery in the U.S. economy and not simply to increase taxes. For the first time CEO's are backing tax increases to break the influence of what the Journal calls Republican deadenders who flatly oppose any tax increases period leading to unacceptable deadlock and uncertainty that prevents business from investing and hiring. This is part of a broader set of tax reforms to lower rates overall, reduce tax expenditures and support the Simpson-Bowles commission recommendations framework to reduce the deficit.
Fix the Debt campaign inspired by Simpson-Bowles and the Oct 25, 2012 U.S. CEO's statement
10/25/2012
Over 80 U.S. CEO's issue a statement endorsing the basic framework of Simpson-Bowles commission of tax increases of $1 for every $3 in spending cuts to reduce the U.S. deficit. The statement calls for lowering tax rates as part of tax reform, capping deductions and loopholes to broaden the tax base, and cutting spending. The Romney campaign says it will go beyond what Simpson-Bowles proposed in addressing the deficit. The Obama campaign says it agrees with the idea of combining tax increases with spending cuts. CEO's also support simplifying the corporate tax code and lowering taxes to improve competitiveness.
Grouped Articles
Wall Street Journal 10/25/2012
Business Leaders Urge Deficit Deal, Even if Their Taxes Rise
New York Times 10/25/2012
Firms Hit Brakes Before Fiscal Cliff
Wall Street Journal 10/25/2012
Wall Street Journal 10/26/2012
Obama Adviser's Strategy Is High Risk, High Reward
Wall Street Journal 10/31/2012
Wall Street Journal 11/01/2012
The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
01/31/2008
Bowles-Simpson Deficit Commisssion proposals, critics say, did not adequately tackle the health care part of the US Deficit. Rivlin-Domenici Deficit Commission phases out the tax exclusion on employer-subsidized health care insurance. Both fall short in addressing the health care portion of the deficit.
Grouped Articles
New York Times 12/11/2010
In Battle Over Health Law, Math Cuts Both Ways
New York Times 01/07/2011
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
New York Times 11/17/2010
Alan Simpson on the August 2 Debt Ceiling and Deficit legislation of August 2, 2011
01/16/2009
Alan Simpson of the Simpson-Bowles Commission talks about the debt panel or super-committee's task in coming up with $1.2 trillion in savings by the end of 2011. Simpson says the work of that committe will be similiar to the work he and Bowles engaged in. An enormous effort will go into clearing misperceptions and preconceived notions. He says there are only so many ways of coming up with savings and everything has to be touched to get to the goal, given that the U.S. borrows 39 cents of every dollar it spends.
Grouped Articles
Debt Hawk Alan Simpson on the Work Ahead
BusinessWeek 08/04/2011
Washington Post 08/07/2011
Tom Keene Talks to David A. Stockman
BusinessWeek 08/04/2011
Why the Debt Crisis Is Even Worse Than You Think
BusinessWeek 07/27/2011
Reid Names First Debt-Panel Picks
Wall Street Journal 08/10/2011
Republicans Set Debt-Panel Roster
Wall Street Journal 08/11/2011
Friedman on Obama, the presidential campaign of 2012 and the failure to embrace the Simpson-Bowles deficit reduction plan
09/26/2011
A campaign developed by campaign consultants lacking boldness and clear vision, one developed in test-tube fashion, is how Friedman describes the Obama election campaign. He describes the long period in the second half of 2011 as a crucial period inthe Obama presidency, when Obama lacked the courage to embrace his own presidential commission's Simpson-Bowles plan for deficit reduction and simply vacillated in a back and forth with Republicans. The price may well be the loss of independent and center-right voters.
Grouped Articles
Why we need a third party - The Washington Post
Washington Post 09/26/2011
President Obama Should Seize the High Ground
New York Times 05/26/2012
Washington Post 06/09/2012
Rep. Dave Camp patiently pursues tax reform - The Washington Post
Washington Post 07/29/2012
Dave Camp: Is Tax Reform Politically Possible?
Wall Street Journal 08/12/2012
Martin Feldstein: Romney's Tax Plan Can Raise Revenue
Wall Street Journal 08/28/2012
New York Mayor Bloomberg on reviving the U.S. economy
09/26/2011
Bloomberg says its time Obama and the Republicans stop promising a free lunch, or something for nothing. He suggests a two step answer to the economic problems facing the U.S. - let the Bush tax cuts expire for all income groups, and passage on an up or down vote of the Simpson-Bowles deficit reduction plan for $4 trillion in savings. This would give U.S. businesses the confidence to invest instead of holding back because of the uncertainty, and lead to higher economic growth and lower unemployment.
Grouped Articles
Why we need a third party - The Washington Post
Washington Post 09/26/2011
New York Times 12/27/2011
Federal Budgets and Class Warfare
Wall Street Journal 03/29/2012
Why I'm Optimistic About Cutting the Deficit
Wall Street Journal 03/29/2012
President Obama Should Seize the High Ground
New York Times 05/26/2012
Dana Milbank: Jeb Bush’s heresy - The Washington Post
Washington Post 06/13/2012
Romney's plan on taxes and the Simpson-Bowles deficit reduction plan
04/16/2012
Romney's plan to limit or eliminate some standard tax deductions similar to the Simpson-Bowles plan.
Grouped Articles
Romney Specifies Deductions He'd Cut
Wall Street Journal 04/16/2012
Why neither Obama nor Romney wants to talk about Romney’s record - The Washington Post
Washington Post 05/26/2012
President Obama Should Seize the High Ground
New York Times 05/26/2012
Rep. Dave Camp patiently pursues tax reform - The Washington Post
Washington Post 07/29/2012
Dave Camp: Is Tax Reform Politically Possible?
Wall Street Journal 08/12/2012
With Ryan, Romney Casts Spotlight on Budget Details
New York Times 08/11/2012
Alternative deficit commission report by Rivlin-Domenici
10/21/2010
Grouped Articles
Another Deficit Plan Targets Taxes
Wall Street Journal 11/17/2010
Sheila C. Bair - Will the next fiscal crisis start in Washington?
Washington Post 11/26/2010
Tax-cut deal has liberal Democrats fuming
Washington Post 12/07/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 03/03/2011
To Cut the Deficit, Look to Social Security
New York Times 04/04/2011
Feldstein's proposal for a 2% cap on reduction in taxes from deductions and exclusions.
05/04/2011
Feldstein says its important to increases taxes not tax rates. And the the way to go is to follow the President's Bowles-Simpson Deficit Commission's proposal on tax expenditures. As it is politically difficult to eliminate deductions and exclusions he suggests another proposal- limit the reduction in taxes with a 2% of adjusted gross income cap on the reduction any taxpayer gets.
Grouped Articles
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
New York Times 07/04/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Tom Keene Talks to Martin Feldstein
BusinessWeek 07/07/2011
Wall Street Journal 07/12/2011
Top Democrats laud GOP debt-ceiling move - The Washington Post
Washington Post 07/14/2011
Bowles and Simpson of the President's Deficit Commission defend their plan
11/18/2010
Grouped Articles
Charlie Rose Talks to Erskine Bowles, Alan Simpson
BusinessWeek 11/18/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 03/03/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
Martin Feldstein, Sheila Bair and other experts on the Bowles-Simpson Deficit Commission proposals
11/17/2010
Grouped Articles
The Deficit Dilemma and Obama's Budget
Wall Street Journal 11/18/2010
America's budget deficit: Speak softly and carry a big chainsaw
Economist 11/20/2010
Sheila C. Bair - Will the next fiscal crisis start in Washington?
Washington Post 11/26/2010
Debt and Taxes: Will Washington Ever Grow Up?
BusinessWeek 11/17/2010
Martin Feldstein - How to cut the deficit without raising taxes
Washington Post 11/29/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Republican views on the Bowles-Simpson Deficit Commission proposals
12/03/2010
Grouped Articles
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 12/03/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Wall Street Journal 04/05/2011
New York Times 04/07/2011
The CEO statement of Oct 2012 calling for action to tackle deficit reduction with tax increases as part of broader reforms
10/26/2012
The CEO statement of Oct 2012 as a pro-growth initiative and not simply a tax increase that does little for setting up a strong economic recovery in the U.S.
Linked Articles
Wall Street Journal 10/26/2012
Pete Domenici and Sam Nunn: Building a better ‘fiscal cliff’ - The Washington Post
Washington Post 10/27/2012
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