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High-Tech Leaders Weigh In on the Fiscal Cliff

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The Source
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Re: politics
The Source   11/26/2012 10:26:34 AM




You make a good point.  The government has to create the right balance between generating revenue from taxes, particularly on those who can pay more, while still making the conditions attractive enough for both large and small businesses to invest in the US and create jobs here. I think as we look at the arguments presented in the letter, I'm not sure that the high-tech industry has demonstrated that it is willing to provide answers to America's current economic problems. The George W. Bush administration's tax cuts were designed for companies like those in the high-tech industry to create jobs in the US. That did not happen, and what we saw instead was tech companies creating jobs in China and other parts of Asia as well as Latin America where wages are low.

Thanks for reading my article, and I hope you had a wonderful Thanksgiving holiday.




The Source
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Re: politics
The Source   11/26/2012 9:50:44 AM



First, I hope you had a wonderful Thanksgiving holiday.  With regard to your question, there's nothing on the Technology CEO Council website that indicates that a response has been made from Congress or the President to this letter. I've noticed that the President did speak with Apple's Tim Cook on the matter.  There was also a widely reported meeting at the White House with leaders from some of the nation's largest companies including Honeywell International's CEO David Cote, Xerox's CEO, Ursula Burns, IBM's CEO, Ginni Rometty, and General Electric's CEO Jeffrey Immelt.  Apparently, the CEOs did not divulge any details about the meeting to the press.

Thanks for your comments.



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Supply Network Guru
Re: politics
elctrnx_lyf   11/23/2012 6:08:27 AM

This could be one of the difficult question to answer by the obama adminstration. The government runs with the taxes paid by the big companies. If there is any benefit needs to be provided to these organizations the government has to cut the spend on many things while keeping the growth constant.

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Supply Network Guru
FLYINGSCOT   11/21/2012 5:11:16 AM

Interesting article.  When will we expect a response (if any) to the letter that was presented to the politicians?  Also I read that Obama getting in will prolong a stalemate in government that will result in very little being achieved.  What is the sentiment in the electronics community?

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