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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