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Motorola Solutions CEO on Fixing Debt

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    Motorola Solutions CEO Greg Brown on urging Congress to reduce the deficit.

  • Duration 4:41
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Thanks aren't -- -- our country's top executives are banning together urging congress to reduce our deficit.

Three key points of their plan is to get our nation's debt and check.

Reforming Medicare and Medicaid strengthening social security and initiating pro growth tax reform.

Here with more.

Is exclusively here on the Fox Business Network Greg Brown chairman and CEO.

Of Motorola solutions joining us on the telephone mr.

brown thank you so much for your time this afternoon.

Well one of the key problems your plan first let me just point out.

Hopefully we have your connection Greg Brown of Motorola solutions hi thank you get pregnant you're very welcome Andrew.

Their plan is based very much on the Simpson Bowles plan which aims to cut four trillion off the deficit but -- -- got this congressional gridlock so how do you overcome that.

Well look at the end of the day.

Let's get past the elections -- I don't both candidates have the distinct point of view on this but once we get past the election.

Other reasons that all of the seat -- -- unified around this issue is we're out of time and that there's no messing around.

We -- this issue and and it will take a big compromise.

And common ground that will be a balance between.

A tax revenues spending reductions and I think a lot of people though that so once we get the election behind us.

And eliminate beat the the rhetoric and the political calculus study get down to -- -- -- -- -- getting at -- -- -- Eighty CEOs obviously yourself included you think you have more clout.

An average voters to get this issue managed under well.

I think I think it's just a question of having a business be very unified and -- -- -- our voice around what needs to be done.

You know there's so many issues -- somebody committees and councils this one is very specific.

And it's it's irrefutable that with sixteen trillion of debt.

And -- heading over three billion debt -- debt that day.

The time for action is now we've got the theatrics of the year ago with the debt ceiling.

And there -- you know with both parties -- intransigent returning to their quarters we can't we can't allow that to happen I don't.

Asked about it not specifics mr.

brown you're calling for pro growth tax reform.

Are you suggesting some kind of tax hike into my colleague's question an increase in tax rates can you be more specific about that.

Well I think it's it it's comprehensive tax reform and for the business community let's start with the fact that the US has the highest corporate tax rate in the world.

And we have an arcane system and that one that needs to migrate to a territorial tax system.

So more specifically that would involve lowering the corporate rate.

Broadening the base.

Having it be revenue neutral.

Eliminating the loopholes.

And moving to a territorial tax system because at the end of the day the tax system estimate US businesses.

More competitive globally I might air glory.

That this tax reform and move to territorial is supported by.

The president's council on jobs and competitiveness what budget that Jeff Immelt it's also supported by the export council the president's export council but by -- -- All poker.

Who's -- the advisory board 2010.

I'll also believes in this sort of Simpson polls so it has a lot of bipartisan support and it's time to get moving in that direction.

Yeah everyone hears you -- that that's for sure one -- -- your so called deficit manifested that stuck out to me is.

The idea that the growing debt poses a serious threat to US security do you think that threat is imminent.

-- I completely agree it lets you take care business and all of it limits our ability to be influential both abroad and it also makes us more vulnerable.

So -- coming out from all of the former joint chiefs staff's said that is well -- the growing debt is that number one issue around national security.

So we got a moral -- and take care business here yet.

The fiscal house back in order for investment job creation expansion GDP growth.

And I think that will secure particular many other -- -- thing.

-- I have to go but before we do say goodbye who's the best president.

To lead us out of this debt and deficit crisis.

You know glory not not to be invasive but it's less so about the president as much as it is which president will be the best sweeter on.

Judgment leadership and collaboration.

Because he's not gonna do it alone is gonna have to work with congress and the American people up to be the judge of that but Weber is -- test of leadership and collaboration and impact in a sense of urgency.

Echoing your call for democracy diplomacy hit and I think -- Gary -- went -- --

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