(Bloomberg) CEOs Back Debt Concepts Broad Enough to Please Both Sides

Posted by Kendall Harmon

Deficit-reduction principles backed by more than 80 U.S. chief executive officers are so broad that anti-tax advocate Grover Norquist and an ally of President Barack Obama both claim their plans could satisfy the standards.

The Campaign to Fix the Debt, with more than $30 million in backing, announced an expanded list of supporters yesterday, including the leaders of Verizon Communications Inc. (VZ), Cisco Systems Inc. (CSCO) and Microsoft Corp. (MSFT) On the most vexing issue -- whether tax increases should be part of a deal -- the principles refer to lower tax rates and higher revenue, not higher taxes.

Read it all. You can also find the CEO Debt Concerns Press Release here.

Filed under: * Culture-WatchHistory* Economics, PoliticsEconomyCorporations/Corporate LifeThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentThe National DeficitPolitics in GeneralHouse of RepresentativesSenateUS Presidential Election 2012* TheologyEthics / Moral Theology

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