Over 75% of CEOs Believe Government Policies Are Undermining American Free Enterprise, Cite Excessive Regulation and Overreaching Antitrust Actions as Top Risks ~ The Business Roundtable CEO Economic Outlook Index
This quarter, eighty-five percent (85%) of Business Roundtable CEOs plan for capital investment and expectations for sales are up by double digits from last quarter. Additionally, these CEOs’ plans for hiring ticked up modestly.
“This quarter’s survey results underscore the resiliency of the U.S. economy and suggest accelerating economic activity over the next six months,” said Business Roundtable Chair Chuck Robbins, Chair and Chief Executive Officer of Cisco. “To further strengthen the economy, the U.S. needs to double down on policies that spur domestic investment and bolster American competitiveness. The Tax Relief for American Families and Workers Act is at the top of that list. The House passed this vital measure in an overwhelmingly bipartisan vote, and we strongly encourage the Senate to swiftly follow suit.”
Business Roundtable CEOs were asked whether they believe that current government administration policies are undermining American free enterprise. Over 75% of CEOs answered “yes.” Of those who answered in the affirmative, 92% of CEOs cited excessive regulation and 63% cited overreaching antitrust actions as policies by federal agencies are undermining or present a risk to the free enterprise system and the benefits it provides.
“A large majority of our CEOs are worried that excessive regulation and overreaching antitrust actions are eroding the foundation of free enterprise and the benefits it provides. We urge policymakers to recommit themselves to promoting economic growth, creating more American jobs and increasing economic mobility,” said Business Roundtable CEO Joshua Bolten.
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