World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Honeywell CEO in the Middle of Fiscal Cliff Standoff
Keywords:
Tags:
David Cote, CEO of Honeywell International, says U.S. corporations have $1 trillion sitting on the sidelines ready to be invested if business can be provided with more certainty about U.S. finances through successful deficit reducion negotiations. He is the most active CEO behind the Fix the Debt organization and is respected by both sides. In the fiscal cliff negotiations he has taken messages in both directions from Democrats and Republicans. Cote is a former executive of General Electric, who has led a turnaround at Honeywell. Large business stayed out of the deficit negotiations in 2011 which brough on the fiscal cliff arrangement of deep cuts in defense and automatic tax increases if no agreement is reached by Jan. 1, 2013. Cote and CEO's behind Fix the Debt have decided to engage with both political parties in the negotiations in 2011-2013.
David Cote of Honeywell International and other CEO's behind the Fix the Debt organization
12/13/2012
David Cote of Honeywell is one of the CEO's most actively involved in the debt negotiations. Republicans take issue with his support for higher tax rates saying small business owners are affected by higher tax rates more than CEO's of large companies. Democrats including president Obama are pushing Cote to get Republicans to give in on higher tax rates in exchange for serious entitlement reform. Obama told Cote in one meeting with CEO's: "Tell Republicans you will give them cover for tax increases if they want tough entitlement reform." Dave Camp, Republican head of the Ways and Means Committee in Congress says raising tax rates is not the way to get Republican buy in.
Grouped Articles
Honeywellâs David Cote, on Decisiveness as a 2-Edged Sword
New York Times 11/02/2013
Honeywell CEO in the Middle of Fiscal Cliff Standoff
Wall Street Journal 12/13/2012
Wall Street Journal 03/06/2013
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
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us