WSJ
CEOs to Washington: Make a deal on the “fiscal cliff” — now
“Going off the fiscal cliff would create a period of financial and economic instability,” the CEOs said in an action item they adopted as their top priority. They urged President Obama and Congress to “take advantage of the chance for a grand bargain” on tax and spending issues “so businesses and consumers can plan for the long term.”
Most of the CEOs in attendance had no hesitancy in endorsing higher taxes on affluent people like themselves, provided those tax increases were accompanied by serious and enforceable cuts in government spending.
Ninety percent indicated they would favor a package that included at least one dollar in tax increases for every four dollars in spending cuts.
Blowback
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Sorry…Cloward – Piven requires the destruction of all freely held business. It for the collective good and all.
trs on November 19, 2012 at 8:10 AM
“Keep printing the money and pumping out regs to preclude any irresponsible small businesses. We got ours.”
HitNRun on November 19, 2012 at 8:13 AM
Within the past year, I recall reading a WSJ article based on a study of OCED countries that tried to deal with debt and deficit problems. This 75-25 pr 80-20 mix, rather than Obama’s class-warfare “balanced approach,” has the greatest track record for success.
Keep capital-gains and dividend rates where they are. Jack up the rate on other ordinary income. Discuss and decide what to do about carried interest, and then leave it alone.
On this increase, if it’s possible, put it up for a vote, protest it, and let the Dems vote it in.
Shifting gears, we can revisit the Obamacare taxes later, but repeal the excise tax on medical devices before it kills that industry in this country.
BuckeyeSam on November 19, 2012 at 8:14 AM
This “fiscal cliff” isn’t even a fiscal speed bump. It doesn’t even qualify as a good starting point. The Republicans hold the purse strings and they better show that there is a reason for their existence. They need to totally end food stamps right now.
You do what is right and you tell the voters that they should put the ‘rats in control of everything if they don’t like it. You need to be willing to lose big before you can win big.
Buddahpundit on November 19, 2012 at 8:17 AM
Talk with your dem buddies they are just itching to go over the cliff
cmsinaz on November 19, 2012 at 8:24 AM
Leftie CEOs acting as useful idiots.. To this I say LIB.
Illinidiva on November 19, 2012 at 8:24 AM
The GOP should tell the Democrats they will agree to any tax increases they want as long as enough cuts are put into place now (not in the imaginary out years) to balance the budget. Turn the screws on the Democrats.
gwelf on November 19, 2012 at 8:25 AM
Dems happy to go over fiscal cliff, if the economy tanks they’ll just blame the GOP for refusing to raise taxes on the wealthy.
Boehner/McConnell can’t/wont make the argument, so we will lose.
GOP needs to pass a bill immediately and put onus on Senate.
commodore on November 19, 2012 at 8:45 AM
This is our future:
Galt2009 on November 19, 2012 at 8:45 AM
Well, no matter what happens the Bull Stream Media/Democrat complex will lie anyway – But this one time the GOP should refrain from saving the left from themselves – let them Screw over the economy with higher taxes and see what happens.
The GOP needs to make it clear that it was the BSM & the Democrats that wanted this – so we let them have it.
It’s called ‘Be careful what you wish for’.
Galt2009 on November 19, 2012 at 8:52 AM
Barry will never agree to anything close to this. His take it or leave it offer wii be massive tax increases and illusory spending cuts.
tommyboy on November 19, 2012 at 8:58 AM
They already have. Don’t expect to read about it in the papers though.
Fezzik on November 19, 2012 at 9:24 AM
Thats the key right there. I think some of us ( myself in this group ) would not mind so much for tax increases if and only if cuts were also put into place.
Heres the problem though:
Dems always “promise” to “cut” at a later time, most of which never happens.
We also have ObamaCare getting ready to kick into full effect here shortly. As we all know this is the elephant in the room, that elephant is call skyrocketing cost for spending.
What also tends to be the issue is that the feds are so deeply entwine with social programs that even though we all think it would be great to just cut em out for the most part, doing so would be disastrous for the country. Plus even if you did try to do something drastic like that you would have an all out revolt. I know many say your “ready” and maybe SOME of you are, but you can not have enough ammo to take out 50% of the population so to say.
watertown on November 19, 2012 at 9:32 AM
Any compromise will only further delay the inevitable. The longer we put off suffering, the worse it will be when it hits. And it will hit.
gryphon202 on November 19, 2012 at 10:01 AM
Aww, isn’t that cute how they think we can cut government spending?
Shump on November 19, 2012 at 10:01 AM
Soooooo……rearrange the deck chairs on the titanic to look like this!!
As previously stated, if the GOP is not willing to risk losing big then they will not win i.e. the let it burn strategy. If that is the case pass the democrats tax increase on the so called wealthy but go on a media blitz about how they are the ones responsible for the increase and subsequent economic turmoil. Rid yourselves of any responsibility.
Meat Fighter on November 19, 2012 at 10:28 AM