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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
For Business, Vote Holds High Stakes
Wall Street Journal 11.02.2012
The Cliff Is a Hard Place to Compromise
New York Times 11.10.2012
Democrats Like a Romney Idea to Cap Tax Deductions
New York Times 11.12.2012
Deluding Ourselves Over the Fiscal Cliff
New York Times 11.12.2012
Mortgage-interest deduction could be on the table in ‘fiscal cliff’ debate - The Washington Post
Washington Post 11.29.2012
Most Americans Face Lower Tax Burden Than in the 80s
New York Times 11.29.2012
Corporate Taxes on Table in Cliff Talks
Wall Street Journal 12.12.2012
Honeywell CEO in the Middle of Fiscal Cliff Standoff
Wall Street Journal 12.13.2012
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