CEA Praises Deficit Reduction, Has More Ideas
The Consumer Electronics Association has had its differences with the Obama Administration on several issues in the early going, including the "Buy American" provision in the stimulus package and the move to delay the DTV transition.
But the lobbying group has come out in favor of one major proposal- the president's plan to reduce cut the budget deficit in half in the next four years. Obama plans to accomplish this by raising some taxes, and cutting spending.
"CEA believes the ballooning deficit is a principal impediment to long-term economic growth," the group said in a statement. It went on to suggest that the government adopt several other proposals, including: an end to corporate bailouts and the "Buy American" provision; opposition to the Employee Free Choice Act, passage of free trade agreements and general support of free trade, so as to promote technology innovation.