Friday, October 26, 2012

CEOs urge Congress to reduce federal deficit

There was a piece this morning in the LA Times saying that CEOs from more than 80 US companies are pressing Congress to reduce the deficit by raising taxes and reducing spending especially in the area of entitlements.. The article goes on to say that the CEOs say a $1 trillion deficit the last 4 years is dampening business hiring .

A yearend deadline looms and if these cuts and taxes are not implemented an across the board spending cut and tax increases will automatically be put in place. The cuts would be about $100 billion and taxes would be increased $400 billion according to the Times.

What do you as a small business person think?

Scott Hauge


Small Business California

2311 Taraval Street

San Francisco, CA 94116


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