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Survey: CFO's Say Best Way To Create Jobs is Cutting Income Taxes


MADISON, Wis. (WTAQ) - Corporate executives say the best way to create jobs is for the government to cut income taxes. That’s according to a survey by the financial firm of Grant Thornton. Almost 500 chief financial officers and senior comptrollers were surveyed – including 76 in Wisconsin and the Midwest.

35 percent of Midwest CFO’s said cutting personal income taxes is the most effective way to create job opportunities – while 32 percent said it would be best to reduce corporate taxes.

Over 80 percent of the Midwest execs believe the economy will improve or remain the same this year – and almost half expect a more robust recovery in 2011. But they’re also cautious about adding employees. Only one-fifth of the Midwest corporate officers said their firms would increase their hiring in the next 6 months. About 25 percent said they will decrease their hiring.