Small Business

How Would You Get the Government to Help American Business?

By and on September 15, 2011
Mark Zandi

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Mark Zandi

What he does: Chief economist, Moody's Analytics
Where: West Chester, Pa.

“Washington must follow through on the debt-ceiling deal and put the nation firmly on a path toward fiscal sustainability. Policymakers need to do this quickly and in a reasonably graceful way; another round of political vitriol will be too much for the collective psyche to bear. Fiscal sustainability requires government spending cuts and tax revenue increases. Ideally, this will include corporate tax reform that significantly broadens the corporate tax base, raising enough revenue to help with deficit reduction and also lowering corporate tax rates. American businesses are well-poised to compete in global markets. A sound fiscal situation and saner tax code are the key missing ingredients.”
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