More than 100 business leaders — including AOL CEO Tim Armstrong — have signed onto Starbucks CEO CEO Howard Schultz’s letter pledging to withhold campaign donations to candidates of either party until they “strike a bipartisan, balanced long-term debt deal that addresses both entitlements and revenues,”
POLITICO reports. Schultz launched his initiative last week, calling on fellow CEOs and business people to join him in sending a message to Washington.
“As many of our political leaders campaign and vacation, the U.S. economy remains in a cycle of fear and uncertainty,” Schultz wrote in a Wednesday letter addressed to “fellow leaders” obtained by POLITICO, adding his campaign has “triggered a national dialogue and a groundswell of support.
Schultz’s letter also calls on business leaders to take unilateral steps to jump-start the economy — taking the place of a gridlocked Washington.
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