"Given business travel's indispensable role in spurring economic growth, these findings dramatically illustrate the potential impact of the fiscal cliff on the overall economy," said Joseph Bates, vice president of research at the GBTA Foundation. "Falling over the cliff would set back the clock substantially for business travel and every other sector of the economy in the near term."This research shows that we must seriously consider both the near-term ramifications of the fiscal cliff and the long-term implications of expanding government debt," said Michael W. McCormick, GBTA executive director and COO. "Either way, the fiscal cliff is a wake-up call for leaders looking to craft smart economic policy going forward."
Falling Over Fiscal Cliff Could Slash $20 Billion In U.S. Business Travel Spending
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