"Business Roundtable supports the bipartisan plan as agreed to by Senate and House leaders and the administration today. The plan includes taxpayer and oversight protection, and we believe it will have a positive impact on the financial markets.
We encourage the House and Senate to quickly pass this legislation, which will help stabilize the domestic and international economies," 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.