Chamber Members Speak Out Taxes, Health Care Rank High Among Priorities
U.S. Chamber members cite taxes, health care, legal reform, and intellectual property as their top policy priorities, according to the results of the U.S. Chamber's biennial National Business Agenda survey.
Making permanent the reduced tax rates on capital gains and dividend income received the most favorable response. Seventy-eight percent rated that issue as an extremely high or very high priority. Opposing increases in individual marginal income tax rates and supporting repeal of the corporate and individual alternative minimum tax (AMT) received similarly high ratings, at 74% and 72%, respectively. Read more:.
Many people argue that the current recession could approach the pain caused by the Great Depression of the 1930s. How are the situations alike, and how are they different? How is the U.S. Chamber responding today compared with how it responded in the 1930s? What conclusions can be drawn from history?
Today's recession and the financial crisis some 80 years ago have some things in common--incredibly poor risk analysis and inadequate regulation. Excessive speculation, along with a "shadow" banking system subject to little regulation or oversight, sowed the seeds of economic collapse both then and now.
As we face unprecedented economic challenges, a strategy for restoring growth must include:
Immediate economic stimulus to spur jobs and growth;
Major investments in infrastructure, energy, and technology;
Reform of our financial regulations, public schools, broken legal culture, and ailing health care system;
Trade, tax, labor, and regulatory policies that preserve business and innovation.
So what's the plan? Tune in to the U.S. Chamber's annual State of American Business address--Wednesday, January 7, 2009 at 10:00 a.m. eastern--to hear Chamber President and CEO Tom Donohue and Executive Vice President Bruce Josten highlight the business community's priorities to stimulate the economy and create jobs.
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