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Rut roh. Lobbyists going nuts in D.C.

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-13-12 06:56 AM
Original message
Rut roh. Lobbyists going nuts in D.C.
Analysis: Businesses turn to tax fight, some stung by Romney bets
By Kevin Drawbaugh and Kim Dixon

WASHINGTON | Tue Nov 13, 2012 1:10am EST

(Reuters) - Major U.S. businesses are plunging into the Washington tax policy debate now that the elections are over and some are in an awkward position after betting heavily on Mitt Romney.


Alone among major segments of Corporate America, the high technology and communications sector wagered heavily on Obama.

Tax breaks that are central to businesses, both in and out of favor with Democrats, will be in play as Washington deals with the year-end "fiscal cliff" and as lawmakers edge toward a possible full-scale overhaul of the tax code in 2013-2014.

The president is expected to meet with business leaders on Wednesday to talk about fiscal issues. Top of the agenda: avoiding the fiscal cliff, which is a volatile mix of tax increases and spending cuts that, absent a deal in Congress to deal with it, could push the United States into recession.

Among those slated to attend the White House meeting are General Electric Co Chief Executive Jeffrey Immelt, already a top Obama adviser, American Express Co CEO Kenneth Chenault and Aetna Inc CEO Mark Bertolini.

"I really don't think it's any secret that the business community has had some reservations about the agenda in Washington over the course of the last four years, but that is now history," Jay Timmons, head of the National Association of Manufacturers, said last week on a conference call with reporters.

G.E. (converted Reagain), Amex (in court more than judges), Aetna (insurance).

Please, Mr. President, fight against that need to have everyone like you. Stick with dem and dose what gave you four more years, the 99%.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-13-12 08:28 AM
Response to Original message
1. Do like Iceland did.....
Dear Mr. President,

If you listen to these corporate ratfuckers and screw over the 99%, well, we don't want to go there.

Just a heads-up.
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Leopolds Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-16-12 06:54 PM
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2. Doesn't GE own NBC?
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-12 07:09 AM
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3. The President will do NOTHING
that will upset the delicate sensibilities of the corporations.
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