Business

CFOs: Cut taxes, raises to reduce costs, spur recovery

Twenty-eight percent of Midwestern chief financial officers and senior comptrollers said their companies plan to hire in the next six months, while 23 percent plan to reduce employment, according to a survey of conducted by Grant Thornton. The rest would keep employment the same.

When asked the best way to create jobs, 52 percent of the region's CFOs said to cut corporate tax rates and another quarter, 23 percent, said to cut personal income tax rates. That compares to 40 percent of national CFOs that said cut corporate tax rates and 26 percent that said cut personal income tax rates.

On employee benefits and compensation, 59 percent of Central Region CFOs said their companies will keep salary increases the same, while another 35 percent plan to reduce raises and 6 percent plan to increase raises.

The U.S. Central Region is defined as Arkansas, Colorado, Kansas, Missouri and Texas.

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