Inthemiddle
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- Oct 4, 2011
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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.
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.