Business Wonders About Promises in Obama Speech

Thursday, 27 Jan 2011 04:33 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
CEOs interviewed by the Wall Street Journal welcomed the kindler-gentler tone that President Barack Obama struck toward businesses in his State of the Union address on Tuesday. But many doubted he CEOs,President Barack Obama,State of the Union address,business,investment,corporate taxes,research and development,speech,tone,Wall Street Journalcan deliver on his promises to foster growth through innovation and to simplify the corporate tax code.

Streamlining taxes “was a wonderful idea [in the speech], but there’s no free lunch,” said John Chen, CEO of software developer Sybase. Anthony Guzzi, CEO of construction services company Emcor, said the president “gave a sound bite” on taxes “but should have been more specific” because businesses right now are “afraid to invest in the U.S. in any substantial way.”

Still, chief executives liked not hearing the president rail at “fat-cat bankers” as he has in the past.

One area where some CEOs agreed the government can do good is by funding research and development, and President Obama promised more. “This is where the government adds tremendous value,” said Marc Benioff, CEO of business-software provider Salesforce.com.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Expert: Better to Prevent, Than Fight, Wildfires

Thursday, 18 Sep 2014 08:12 AM

The federal government should increase investment in forest fire prevention because it makes economic sense, writes Jeff . . .

Texas Executes Woman Who Starved Girlfriend's 9-Year-Old Son

Thursday, 18 Sep 2014 07:42 AM

A woman who, together with her girlfriend, starved a 9-year-old boy to death was executed Wednesday by Texas authorities . . .

Apple's New Operating System Locks Out Police

Thursday, 18 Sep 2014 06:50 AM

Apple has engineered its new iOS 8 operating system with encryption that makes smartphone or tablet data nearly inaccess . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved