Unlikely Backers in a Battle Over Taxes
Source: New York Times
Unlikely Backers in a Battle Over Taxes
By NELSON D. SCHWARTZ and JONATHAN WEISMAN
Published: December 11, 2012
A broad swath of the nations leading chief executives dropped its opposition to tax increases on the wealthiest Americans on Tuesday, while the White House quietly pressed Wall Street titans for their support as well.
Before Tuesdays about-face, the Business Roundtable had insisted that the White House extend Bush-era tax cuts to taxpayers of all income brackets, but the executives resistance crumbled as pressure builds to find a compromise for the fiscal impasse in Washington before the end of the year.
We recognize that part of the solution has to be tax increases, David M. Cote, chief executive of Honeywell, said on a conference call with reporters. Thats the only thing that allows a reasonable compromise to be reached.
Even as the Fortune 500 leaders announced their shift, the White House continued to work behind the scenes to woo some of Wall Streets most powerful financiers a group that had largely abandoned President Obama in his bid for a second term after supporting him in 2008.
Read more: http://www.nytimes.com/2012/12/12/business/top-executives-end-opposition-to-higher-taxes.html
99th_Monkey
(19,326 posts)Mnemosyne
(21,363 posts)Sophiegirl
(2,338 posts)....is the LAST thing on their minds, I'm sure.
Mnemosyne
(21,363 posts)jeff47
(26,549 posts)It might have finally occurred to them that they better not make it much more difficult on the 98%.
Mnemosyne
(21,363 posts)guillotine may be needed in the future. Criminals all.
ReRe
(10,597 posts)...they are the one's that threw the gauntlet down. They opened their ugly mouths and out it came. Now they're backtracking??? Ha! I CAN'T HEEEEEAAAAR YOUUUUUUUU! Once spoken, you can't take it back. Didn't they ever learn things like that when they were kids? I just hope PO doesn't dance with them. Everything that comes out of their mouths is a GD lie.
lexw
(804 posts)There's something else going on. I can smell it.