Frederick W. Smith, Chairman, President and CEO of FedEx Corporation, was the featured guest at a December 6 lunch. He spoke to Club members a day after meeting with President Obama and Congressional leaders to discuss ways that the pending fiscal cliff could be avoided. Mr. Smith said he was cautiously optimistic that an agreement could be reached. Among the recommendations he made to Administration and congressional negotiators was a proposal to increase individual tax rates, but lower them for corporations. Taking such action, Mr. Smith told the Economic Club, would “encourage companies to leave money in the business and invest it.”
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