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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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