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 Mart.
"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 way."
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 summer.
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."