http://www.bizjournals.com/milwaukee/blog/2010/12/airline-ceo-says-end-bush-tax-cuts.htmlAirline CEO says end Bush tax cutsBryan Bedford, the leader of Republic Airways, told a gathering of about 300 local business leaders last week that he is in favor of letting the George W. Bush-era tax cuts expire.
With the United States approaching a $14 trillion debt balance and a budget deficit of $1.5 trillion, sacrifices are required, Bedford said at The Business Journal’s Power Breakfast at The Pfister Hotel in Milwaukee.
“But the question is, who is going to make that sacrifice?”
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“I understand the economics of tax increases,” Bedford said. “The fact is, they are going to happen. I think the best thing that could happen, frankly, is that the Bush-era tax cuts expire. Maybe they can do it in a way where nobody is responsible. That seems to be the political climate that we live in.”
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“It doesn’t matter whether you’re in the business of running an airline or in the business of governing a country, at the end of the day you’ve got to pay your bills,” Bedford said. “This is really a question of national character.”
Bedford repeatedly harped on the need to make sacrifices in order to heal the country’s ailing economy. “I’ve got a lot of small business owner friends and they love the idea of tax cuts but frankly every small business person I know — and these are brilliant entrepreneurs — will figure out a way to make it work,” he said. “But they want certainty. The lack of certainty is more damaging than whether we get or don’t get a tax bill passed. I think at this point we need some leadership.”
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