Published: November 07, 2012
Washington – Business Roundtable (BRT) President John Engler today issued the following statement on the re-election of President Barack Obama:
“America’s business leaders congratulate President Obama on his re-election. BRT CEOs are committed to working with the President to enact an economic-growth and deficit-reduction plan that will put Americans back to work and get America growing again.
“This year has witnessed policy gridlock and economic stagnation. Now that the election is behind us, America’s business leaders are focused on making 2013 a better year for the U.S. economy. BRT CEOs have consistently championed policies that encourage innovation and investment while knocking down barriers to economic growth and job creation. We stand ready to work with President Obama and the 113th Congress to enact bipartisan policies that will create more jobs and drive higher levels of economic growth. The White House and next Congress should:
“BRT CEOs are also committed to working with policymakers of both parties to prevent the artificial ‘fiscal cliff’ that has already spread uncertainty and slowed economic growth. America’s business leaders call on Congress and the administration to take swift action in the ‘lame-duck’ session to avoid needless disruption and lay the groundwork for economic revival.”
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with more than $7.3 trillion in annual revenues and nearly 16 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 – equal to 61 percent of U.S. private R&D spending. Our companies pay $182 billion in dividends to shareholders and generate nearly $500 billion in sales for small and medium-sized businesses annually.
BRT companies give more than $9 billion a year in combined charitable contributions.