Tags: Obama | business | leaders | cliff

Obama Woos Romney Backers Over Fiscal Cliff

Wednesday, 28 Nov 2012 11:36 AM

By Bill Hoffmann

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
The moneymen and women who fought ferociously with their fortunes to put Mitt Romney in the White House are meeting with President Barack Obama on Wednesday.

The list of multimillionaire business leaders who gave sizeable donations to the Romney campaign and Republican Party include Marriott CEO Arne Sorenson, AT&T CEO Randall Stephenson, State Farm CEO Ed Rust, and Caterpillar CEO Douglas Oberhelman, according to USA Today.

During the meeting, the Obama administration will try to convince the GOP-friendly executives to back its debt reduction proposal.

That proposal faces a slippery slope since it would include higher taxes for wealthy Americans, although many influential GOP leaders on Capitol Hill have softened their positions on the issue.

Not all of the business leaders at today’s crucial powwow are Romney backers. Those who supported Obama include CEOs  Brian Roberts of Comcast, Marissa Mayer of Yahoo and Patricia Woertz of Archer Midlands Daniel.

Politico reports that reaching out to business leaders, regardless of their political slant, “has been a key part of Obama's strategy to pressure Congress on the fiscal cliff.’’

Other business powerhouses attending include CEOs Muhtar Kent of Coca Cola, Frank Blakeof The Home Depot, Lloyd Blankfein of Goldman Sachs, Ian Read of Pfizer, Joe Echeverria of Deloitte, Ken Frazier of Merck, and Terry Lundgren of Macy’s.

© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Christie Calls for All Campaign Donors to Be Named

Wednesday, 16 Apr 2014 10:22 AM

New Jersey Gov. Chris Christie has backed the U.S. Supreme Court decision to allow people to give an unlimited amount of . . .

Howard Dean: Obamacare Ruined Democrats' Chance to Win House

Wednesday, 16 Apr 2014 09:10 AM

Democrats could have won back the House this fall if it wasn't for the botched Obamacare rollout last October, former Ve . . .

Ted Cruz Emphasizing Core Over Coalition Building for 2016

Wednesday, 16 Apr 2014 07:17 AM

In his nascent run for the 2016 GOP presidential nomination, Texas Republican Sen. Ted Cruz has yet to show he can reach . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved