Tags: obama | fiscal | cliff | gop

GOP Courts Obama’s CEOs on Fiscal Cliff

Friday, 16 Nov 2012 10:09 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
After President Barack Obama sought to draw top corporate chieftains to his side on tax and spending issues with a summit meeting Wednesday, Republicans are seeking to bring them back to the GOP side.

House Republicans have embarked on a serious lobbying campaign to accomplish that goal, Politico reports.

“We’re talking to all of them — CEOs, Fortune 500, Fix the Debt — for the same [reason], how do we have a pro-growth economy and at the same time fix the debt issues so that we all do it right?” said House Whip Kevin McCarthy. “We’re talking, we’re listening, we’re building ideas, all on the same front that we put the country first and solve this problem.”

The GOP has traditionally been the party of business. That changed a bit in 2008, as corporate leaders were enamored with Obama. Then many soured on the president and supported Mitt Romney in the election. But now some corporate leaders are joining Obama in his call for tax increases.

Enticing CEOs back to their side could give Republicans more bargaining leverage as they seek to negotiate a compromise with the president over the fiscal cliff – automatic spending cuts and tax increases that will begin Jan. 1 if the government doesn’t act.

Obama and congressional leaders are beginning their talks on the cliff Friday. Republicans have stated that they are open to increasing tax revenue. But they won’t countenance higher tax rates. Instead, they would support limiting deductions for the wealthy.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  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

Supreme Court Declines to Revive Arizona Immigration Law

Monday, 21 Apr 2014 11:26 AM

The U.S. Supreme Court on Monday declined to revive a provision in an Arizona law that sought to criminalize the harbori . . .

Mayor of New Britain, Conn., Battles Fiscal Catastrophe

Monday, 21 Apr 2014 11:17 AM

New Britain Mayor Erin Stewart spelled out to Newsmax her plan for the rescue and renaissance of the beleaguered municip . . .

David Gregory Vows to 'Fix Problems' on 'Meet the Press'

Monday, 21 Apr 2014 09:40 AM

Embattled "Meet the Press" host David Gregory has vowed to fix the "problems" that have resulted in the troubled progra . . .

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