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Tue Dec 11, 2012, 11:35 PM

Unlikely Backers in a Battle Over Taxes

Source: New York Times

Unlikely Backers in a Battle Over Taxes
By NELSON D. SCHWARTZ and JONATHAN WEISMAN
Published: December 11, 2012


A broad swath of the nation’s leading chief executives dropped its opposition to tax increases on the wealthiest Americans on Tuesday, while the White House quietly pressed Wall Street titans for their support as well.

Before Tuesday’s about-face, the Business Roundtable had insisted that the White House extend Bush-era tax cuts to taxpayers of all income brackets, but the executives’ resistance crumbled as pressure builds to find a compromise for the fiscal impasse in Washington before the end of the year.

“We recognize that part of the solution has to be tax increases,” David M. Cote, chief executive of Honeywell, said on a conference call with reporters. “That’s the only thing that allows a reasonable compromise to be reached.”

Even as the Fortune 500 leaders announced their shift, the White House continued to work behind the scenes to woo some of Wall Street’s most powerful financiers — a group that had largely abandoned President Obama in his bid for a second term after supporting him in 2008.


Read more: http://www.nytimes.com/2012/12/12/business/top-executives-end-opposition-to-higher-taxes.html

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Response to Judi Lynn (Original post)

Tue Dec 11, 2012, 11:37 PM

1. K & R nt

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Response to Judi Lynn (Original post)

Tue Dec 11, 2012, 11:58 PM

2. Afraid of something, boys? K&R nt

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Response to Mnemosyne (Reply #2)

Wed Dec 12, 2012, 01:27 AM

4. Worrying about paying a bit more in taxes..

....is the LAST thing on their minds, I'm sure.

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Response to Sophiegirl (Reply #4)

Thu Dec 13, 2012, 06:38 PM

9. I was hoping for someone blackmailing their crooked asses and taking them out. Yes, I am a dreamer.

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Response to Mnemosyne (Reply #2)

Wed Dec 12, 2012, 01:55 AM

5. This level of inequality is usually solved by guillotine

It might have finally occurred to them that they better not make it much more difficult on the 98%.

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Response to jeff47 (Reply #5)

Thu Dec 13, 2012, 06:41 PM

10. Hell, they've probably found a loophole to loopholes and are figuring out how to screw us more. The

guillotine may be needed in the future. Criminals all.

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Response to Judi Lynn (Original post)

Wed Dec 12, 2012, 01:24 AM

3. Yeah, yeah, yeah....

...they are the one's that threw the gauntlet down. They opened their ugly mouths and out it came. Now they're backtracking??? Ha! I CAN'T HEEEEEAAAAR YOUUUUUUUU! Once spoken, you can't take it back. Didn't they ever learn things like that when they were kids? I just hope PO doesn't dance with them. Everything that comes out of their mouths is a GD lie.

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Response to Judi Lynn (Original post)

Wed Dec 12, 2012, 02:53 AM

6. I just don't trust them.

There's something else going on. I can smell it.

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Response to lexw (Reply #6)

Wed Dec 12, 2012, 02:58 AM

7. Normally I wouldn't either. But only crazy people say differently now.

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Response to Judi Lynn (Original post)

Wed Dec 12, 2012, 11:36 AM

8. Cut all corporate tax breaks and subsidies ...stop the welfare!

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