CEOs from more than 80 big U.S.-based companies signed a statement that calls on Congress to address the U.S. deficit by increasing tax revenues as well as cutting spending, the Wall Street Journal reports. The CEOs' openness to raising tax revenues differentiates their position from that of other big business lobbying groups.
CEOs who signed the statement include AT&T CEO Randall Stephenson, General Electric's Jeffrey Immelt, J.P. Morgan's Jamie Dimon and Honeywell's Dave Cote. A group called Fix the Debt organized the CEOs' statement.
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