WASHINGTON--(BUSINESS WIRE)-- Business Roundtable today strongly urged the Joint Select Committee on Deficit Reform to move forward on a $1.2 trillion deal which would be considered a down payment on the additional serious discussions the U.S. must have to ensure a sustainable fiscal footing and better economic future. BRT members recognize that the magnitude of the ten-year economic problem is in fact $7 to $8 trillion dollars.

The success of the Joint Committee is a critical first step toward ensuring the nation’s economic well being, our continued recovery from recession, and the creation of millions of much-needed new jobs,” said Jim McNerney, Chairman, President and CEO of the Boeing Company and Chairman of Business Roundtable, in a letter today sent by Business Roundtable’s Executive Committee after a meeting in Washington.

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.

BRT companies give nearly $9 billion a year in combined charitable contributions.

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CONTACT:

Business Roundtable
Kirk Monroe, 202-496-3269
or
Joe Crea, 202-496-3288

KEYWORDS:   United States  North America  District of Columbia

INDUSTRY KEYWORDS:   Public Policy/Government  Congressional News/Views  Public Policy  White House/Federal Government  Professional Services  Finance

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