Costco Wholesale CEO Craig Jelinek told President Obama over the weekend that he supports efforts to compromise with Congress before the end of the year in a way that avoids tax increases on the middle class.
With more than 115,000 U.S. workers and small-business customers employing thousands of workers who have “borne the brunt of the recession,” Jelinek said in a rare Costco news release that he told the president it would be “a particular burden on those working families to face higher income taxes.”
“I encouraged the president to continue working with congressional leadership to find a balanced solution to the deficit that will avoid middle-class tax increases,” he said in the release. “It is imperative that both sides of the ‘aisle’ compromise … to eliminate uncertainty, and allow for continued economic recovery.”
Obama spoke with the CEO on Saturday. The president also spoke with Boeing CEO Jim McNerney, Apple CEO Tim Cook, investor Warren Buffett, and JPMorgan Chase CEO Jamie Dimon.
- Black Lives Matter protesters march, conduct sit-ins in downtown Seattle
- Apple Cup Game Center: UW Huskies dominate No. 20 Cougars, shut down WSU's offense in Seattle
- Swarming defense, Myles Gaskin help UW Huskies rout WSU Cougars in Apple Cup
- With Luke Falk out, Peyton Bender will start at quarterback for WSU Cougars vs UW Huskies in Apple Cup
- Teardown town: 1,500 small houses replaced by giants since 2012
Most Read Stories
Melissa Allison: 206-464-3312 or firstname.lastname@example.org. Twitter @AllisonSeattle.