Times: Costco CEO tells Obama, no more middle-class tax hikes

Times: Costco CEO tells Obama, no more middle-class tax hikes

Credit: AP

A Costco employee pulls shopping charts at Costco Wholesale store Tuesday May 30, 2006, in Burbank, Calif. Costco Wholesale Corp., the biggest U.S. warehouse retailer, said Wednesday its third-quarter profit rose 12.3 percent, aided by higher sales and membership fees.(AP Photo/Damian Dovarganes)

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by MELISSA ALLISON / The Seattle Times

KREM.com

Posted on November 20, 2012 at 7:18 AM

Costco Wholesale CEO Craig Jelinek told President Obama over the weekend that he supports efforts to compromise with Congress before the end of the year in a way that avoids tax increases on the middle class.

With more than 115,000 U.S. workers and small-business customers employing thousands of workers who have “borne the brunt of the recession,” Jelinek said in a rare Costco news release that he told the president it would be “a particular burden on those working families to face higher income taxes.”

“I encouraged the president to continue working with congressional leadership to find a balanced solution to the deficit that will avoid middle-class tax increases,” he said in the release.

Read more at The Seattle Times

Copyright: The Seattle Times

 

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