COMPAS Poll/Survey

The CEOs and business leaders on the COMPAS business panel embrace the views of BMO Chief Economist Sherry Cooper following Standard & Poor’s downgrading of U.S. debt. A near consensus views the downgrade as “immensely significant.” Panelists believe that Washington has 16 months to solve its problem.

Panelists embrace wholeheartedly Sherry Cooper’s support for U.S. efforts to eliminate various tax deductions and loopholes, eliminate tax cuts for high-income earners, and increase some tax rates.

Pluralities support raising the retirement age to 70 and reducing the exploding costs of Medicare and Medicaid (low income earners). Opinion is divided about Dr. Cooper’s recommendation that the U.S. government encourage tourist medicine to increase revenue from wealthy foreigners so as to cross-subsidize the medical system for Americans.

These are the key findings of the weekly CEO panel survey for Canadian Business magazine.

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