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Business Roundtable Statement on Passage of the Emergency Economic Stabilization Act of 2008
WASHINGTON-(Business Wire)-October 3, 2008 - “Business Roundtable commends the courage and leadership of congressional supporters of the bipartisan Emergency Economic Stabilization Act of 2008 (EESA). This legislation, which affects all working families as well as small and large businesses alike, is a fundamental step toward restoring confidence in our economy and stabilizing global financial markets.
During the past two weeks, we have seen members of Congress and the administration demonstrate great resolve, putting partisan differences aside and making difficult decisions to ensure our country’s competitiveness in today’s international economy. We look forward to continuing this important work with policymakers and the administration,†said John Castellani, president of Business Roundtable.
Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading U.S. companies with $4.5 trillion in annual revenues and nearly 10 million employees. Member companies comprise nearly a third of the total value of the U.S. stock markets and represent over 40 percent of all corporate income taxes paid to the federal government. Collectively, they returned $114 billion in dividends to shareholders and the economy in 2006.
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