McDonald’s Corporation President and CEO Jim Skinner says for things to turn around in the American economy, spending and taxes must be curbed, especially towards business. Jeff Randall writes in the Telegraph on his upcoming interview with Skinner on Sky News Jeff Randall Live:
“‘The question is, how can we get the ox out of the ditch?’ Mr Skinner said. ‘In order to create jobs in America, you’re going to have to cut taxes… particularly in the business community.
‘We pay some of the highest [corporate] taxes around the world. There needs to be some leveling.’
Asked about federal borrowing, he said: ‘It’s not a good story… the government has to spend less. We have to grow the economy, grow GDP… and you have to be able to do it in an organic way and not through borrowings and increasing debt.’”