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Business Roundtable Statement on President Obama’s State of the Union Address

“Policies that can boost long-term economic growth and create new jobs are the top priority for the CEOs of Business Roundtable, who collectively employ more than 12 million workers. While our nation is on a path to economic recovery, it will be a long and difficult climb that must be buttressed by pro-growth policies and a sensible tax framework for American companies.

“We welcome the President’s proposals for increased international engagement. We believe now is the time for Congress to pass the FTAs pending in Congress as a first step towards the enhanced international trade and investment that is essential to growing the U.S. economy and creating more and better-paying jobs. Additionally, we stand ready to work with policymakers to craft a workable and fiscally responsible jobs package.

“We are also encouraged by the President’s call for fiscal reform and a freeze on discretionary spending. The large deficits forecast over the next few years are unsustainable and must be contained. This will mean making tough decisions. However, the cost of inaction will far outweigh the cost of action over the long term.

“The year ahead presents many challenges without easy solutions. The new balance in the Senate simply underscores the critical need for policymakers to work together across the aisle to confront these problems. There is no time to waste,” said John J. Castellani, President of Business Roundtable.

Please note: John J. Castellani is available for media interviews to discuss the President’s State of the Union priorities. To schedule, please contact Kirk Monroe at (202) 496-3269.

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