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| Arne Sorenson |
BETHESDA, MD /PRNewswire/ -- The following is a statement
from Arne Sorenson, President and CEO of Marriott International:
"We've made good progress in 2012 in the hotel industry
and in the general economy creating new jobs, re-building the real estate
market and boosting consumer confidence. The last thing we need is another
crisis of confidence in our political system and the economy like we
experienced in August 2011.
The fiscal cliff we face now was created by politicians of
both parties the last time they were unable to reach a comprehensive agreement
to deal with our runaway federal deficits.
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| President Barack Obama |
“Our political leaders need to reach a balanced deal now,
before we go off the fiscal cliff at year end and without creating a new set of
future conditions that create a new fiscal cliff in the future. We are proving today that deferral of the
tough issues for future resolution is not a recipe for success.
“If there was one message in the election, it's that
Americans want our leaders to govern and to do so in a balanced fashion.
Revenue increases need to be part of the deal.
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| White House, Washington, DC |
“At $1.2 trillion over ten years, the revenue piece seems
fair, provided the spending cuts, including through entitlement reforms, match
that level. With $2.4 trillion from
revenue increases and spending cuts, not counting interest or war savings, we
can get our federal fiscal situation back on track towards a sustainable set of
policies.
“There are many different ways to fill in the details of
such a plan. I and many others urge our political leaders to get back to the table
today and work out a deal by December 31st.
The President and Congress can do no harm only if they act. Act now,
decisively, and comprehensively."
Contact:
Global Communications,
+1-301-380-7770
Web Site: http://www.marriott.com
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