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CEA Joins Call For Supercommittee To Support Innovation

Arlington, Va. – In a letter submitted to the bipartisan
Joint Committee on Deficit Reduction, the Consumer Electronics Association
(CEA) joined other prominent industry organizations urging the embrace of a
series of proposals that would help our nation regain its competitive edge by
establishing innovation as a national priority.

The CEA co-signed the letter with the following
organizations: the Business Software Alliance, Information Technology Industry
Council, Silicon Valley Leadership Group, TechAmerica and TechNet.

In addition, 18 CEA member CEOs signed the letter, including
Cobra Electronics Corporation, HAI (Home Automation) and Nebraska Furniture

“Members of Congress must consider the current state of our
national policies and how they are hurting business and our economy,” said Gary
Shapiro, president and CEO, CEA. “We must take action to get the American
economy back on its feet and a national policy rooted in innovation is the best

The Joint Committee, also called the “Supercommittee,”
includes a bipartisan group of 12 members of Congress and has until Nov. 23 to
draft the deficit-reduction plan. The Joint Committee was formed in response to
the debt negotiations held by the Obama administration and Congress during the

The following is the text of the letter sent today to the
committee and its co-chairs, Sen. Patty Murray (D-Wash.) and Rep. Jeb
Hensarling (R-Texas):

“We write as American business
leaders concerned by the direction, substance, and tone of our nation’s
policies and politics. We are hopeful that your work will help the nation
emerge from this period of economic uncertainty stronger, more competitive, and
with a clear window of prosperity for all Americans.

“As leaders within companies that
collectively employ millions of Americans and operate and compete around the
globe, we know this country can do better. Thus we offer below our ideas for
(a) addressing the nation’s structural challenges in a fashion that will
stimulate growth and job creation and (b) stabilizing the U.S. debt.”