Big name CEOs: Cut spending AND raise taxes

Discussion in 'Politics' started by Inthemiddle, Oct 25, 2012.

  1. Inthemiddle
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    Inthemiddle BANNED

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    CEOs Call for Deficit Action - WSJ.com

    Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc. AET +1.09%to Weyerhaeuser Co., WY -0.94%are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.

    The CEOs 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."


    You are now free to spin the yarn.
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    They said to raise taxes by lowering the rate, cutting write offs thereby broading the base which would increase the revenue brought in.

    That IS Romney's plan.
     
  3. Inthemiddle
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    Inthemiddle BANNED

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    Yeah, that's ROMNEY'S plan. But that's not what the CEOs said. They said nothing of the sort.
     
  4. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    so what did they say, I'm too lazy to sign up to view it......and looking at you OP they said you couldnt tax you way
     
  5. Cowman
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    Cowman Cows Have Liberal Minds

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    Cut spending, raise taxes to reverse and fix the deficit. Lower taxes once the national economic situation is fixed.
     
  6. Grampa Murked U
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    Grampa Murked U Diamond Member

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    That is what they said. Some of them were interviewed on the Fox Business channel today and those were their exact words. Short simple and honest.
     
  7. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    I just laugh at how liberals get owned over and over....even by their own posts or sources
     
  8. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Some people will just never admit you can raise tax revenue without raising rates.
     
  9. OKTexas
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    OKTexas Gold Member Supporting Member

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    No wonder the op didn't understand, libs don't do "Short, simple and honest"
     
  10. Inthemiddle
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    Inthemiddle BANNED

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    :confused: It wasn't requiring a subscription earlier. Crap, I'll have to see if I can find it elsewhere online. But in a nutshell, they're saying that it will take both tax increases and spending cuts, and they are pressing Congress to do it, and do it now. They also said that they thought the Simpson-Bowles figures of $3 in reduced spending for every $1 of increased taxes was a good starting framework.
     

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