Relevant:
- Charles Hugh Smith - About Raising Taxes as the "Solution" to the Fiscal Cliff....
- JPMorgan CEO Pushes Fiscal Cliff Compromise As The Bank Lobbies For Tax Breaks
- Fiscal Cliff: Looming Tax Hikes Stoke Uncertainty
- Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails, Is Mum On Negative Corporate Tax Rate
- GOLDMAN: Portfolio Managers Assume Cliff Deal
2012-12-13 — huffingtonpost.com
But that pragmatism appears to come with a healthy dollop of self-interest. Business chieftains have accepted higher rates on income taxes for the wealthy in exchange for something they have long sought -- a break on corporate income taxes. President Barack Obama has signalled that he is open to so-called corporate tax reform as part of the fiscal cliff negotiations, according to The Wall Street Journal -- a position he apparently adopted at the same time the business lobby changed its position on raising taxes on wealthy individuals.
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