Back in November, NY Sen. Chuck Schumer said he hoped business executives would speak out more forcefully for action on the nation’s fiscal problems. “I am hopeful that with the business community’s help and with the president’s leadership, we can bring Republicans around,” Schumer said.
Well, his wishes have come true. Several wealthy executives have now come out in favor of tax increases on the wealthy. These aren’t soak-the-rich socialists, just realists who can see that balancing the budget will take cuts AND revenue.