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CHEM IDEAS

Rating Obama's Performance

11:40 AM MDT | July 31, 2009 | By ROB WESTERVELT

Business Week polls several U.S. CEOs for its Obama and Business cover story this week.

Here's ACC CEO Cal Dooley's view:

[The administration is] recognizing that they will have to make midyear corrections. They have to step back and determine whether we have a healthy enough economy to be as aggressive as they planned on taxes, health care, and even climate.

On taxes: We contend that some tax increases they propose would prolong the recession. Which ones? The elimination of LIFO, the repeal of the foreign income tax deferral, and the reinstatement of a Superfund tax to pay for cleanups.

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