Debt, Taxes Taking Toll on U.S. Competitiveness, Dell, IBM CEOs Say
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As mounting public deficits dominate discourse in Washington and in state capitals throughout the country, leaders from the technology industry said they are eager to help address the problem. The federal government can save $1 trillion over the next decade, claimed Dell CEO Michael Dell and IBM Chairman and CEO Samuel Palmisano, by applying homegrown expertise, technology and organizational innovation to its information networks and management practices.
The discussion, which took place during a technology and public policy program hosted by the Center for Strategic and International Studies (CSIS), drew on an October 2010 Technology CEO Council report, "One Trillion Reasons: How Commercial Best Practices to Maximize Productivity Can Save Taxpayer Money and Enhance Government Services."
Dell and Palmisano argued that the U.S. government needs to spend less time on partisan bickering and more time addressing issues that affect the country's technological competitiveness, highlighting the U.S. deficit, high corporate tax rates (the U.S. rate is more than 30 percent, compared with as little as 10 percent in other countries) and the country's unsatisfactory education system.
Palmisano added that the country's citizens are lacking a clear directive from Uncle Sam on fostering innovation and talents required by the high-tech industries powering the world economy. "What is missing is someone saying, 'We're going to take the country from here to there'," he argued. "Then go out and sell the case. If you can't sell and people say, 'That's not what we want,' then we have what we have today."
For more, read the eWeek article: Dell, IBM Say Taxes, Debt Undermining U.S. Competitiveness.l