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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 13 December (ha ha ha ha ha) 2012 [View all]xchrom
(108,903 posts)22. Executives push for ‘fiscal cliff’ deal, even if their tax concerns have to wait
http://www.washingtonpost.com/business/economy/executives-push-for-fiscal-cliff-deal-even-if-their-tax-concerns-have-to-wait/2012/12/12/3647ccbe-4488-11e2-8061-253bccfc7532_story.html
With corporate tax rates and tax breaks up for grabs, chief executives are personally stepping forward to lobby Congress and the White House on taxes, seeking to set priorities while conceding that some taxes will have to go up.
The business executives, while unenthusiastic about higher taxes, say that avoiding the fiscal cliff is their No. 1 priority and that many other key issues can be taken care of in broader tax reform negotiations they hope would take place next year.
Most have focused less on the particulars of a tax agreement and more on just the need to get something done to provide certainty, said Rep. Chris Van Hollen (Md.), the ranking Democrat on the House Budget Committee.
The executives have been coming in waves, starting with a group brought in by Democrats last week to help push Republicans closer to making a deal. Although many of them supported GOP presidential candidate Mitt Romney, who opposed tax hikes, the executives are now ready to swallow higher rates for the wealthy and are leaning on both parties to compromise.
With corporate tax rates and tax breaks up for grabs, chief executives are personally stepping forward to lobby Congress and the White House on taxes, seeking to set priorities while conceding that some taxes will have to go up.
The business executives, while unenthusiastic about higher taxes, say that avoiding the fiscal cliff is their No. 1 priority and that many other key issues can be taken care of in broader tax reform negotiations they hope would take place next year.
Most have focused less on the particulars of a tax agreement and more on just the need to get something done to provide certainty, said Rep. Chris Van Hollen (Md.), the ranking Democrat on the House Budget Committee.
The executives have been coming in waves, starting with a group brought in by Democrats last week to help push Republicans closer to making a deal. Although many of them supported GOP presidential candidate Mitt Romney, who opposed tax hikes, the executives are now ready to swallow higher rates for the wealthy and are leaning on both parties to compromise.
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FWIW, it's nice seeing weekly claims staying below 400k where they'd been for a while.
Roland99
Dec 2012
#24
Executives push for ‘fiscal cliff’ deal, even if their tax concerns have to wait
xchrom
Dec 2012
#22