CEOs To Pressure Congress On Fiscal Cliff
October 26, 2012 by Sam Rolley
A group of leading American CEOs has joined together in initiating a campaign to encourage Washington lawmakers to come to an agreement about what should be done to avoid the impending fiscal cliff.
According to The Hill, chief executives from dozens of the Nation’s biggest corporations have joined to coax an agreement to break the fiscal stalemate that has kept the 112th Congress from making progress with regard to the ever-expanding National debt.
“What we’re trying to do is drive support for the radical middle, the 70 percent of us … that really want to do the right thing down the middle and recognize that the only way you can govern is through compromise,” said David Cote, chairman and CEO of Honeywell.
The executives say they want a deal from Congress that would reform entitlement spending programs to cut the deficit and overhaul the tax code to create more revenue. This would strike balance between Democratic and Republican plans that Congress continues to argue over.
With $40 million in private donations for its cause, the group plans to embark on an aggressive advertising campaign after the elections to pressure Congress. Chief executives joining the cause include the heads of Aetna, Microsoft, JPMorgan Chase, General Electric and Boeing.
The CEOs were organized by the nonpartisan group Fix the Debt.