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Deficit must be reduced
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No matter which candidate wins the presidency and no matter which party controls the House and the Senate, elected officials would do well to pay attention to level-head business leaders when it comes to the horrid budget deficits this country is facing. Democrats decry any kind of spending cuts, while Republicans want to close the door on tax increases, period. The CEOs of more than 80 large U. S. corporations have banded together to try to convey to politicians in Washington the cold, hard truth: that the deficit must be reduced with a combination of tax-revenue increases and spending cuts.