- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
Business chieftains back Obama approach
CEOs caution: Spending cuts must accompany tax increases
Question of the Day
“They would like the voice of business to be helpful in this and that probably, particularly to be willing to say that we recognize that revenue increases, meaning tax increases, are part of that,” he said.
“I think generally people have the view that if it’s balanced, if there are revenue increases, that’s fine but don’t only talk about revenue increases,” he added.
Mr. Echeverria also said he got the sense from the meeting that business leaders are now considering tax increases on those making more than $250,000 as a fait accompli.
“I think everybody took it as supportive as part of a bigger solution — that this by itself isn’t the solution, but as part of a broader solution. Time to move on.”
In an interview with CNN’s Wolf Blitzer after the meeting, Goldman Sachs CEO Lloyd Blankfein seemed to concur, although a bit more tentatively.
“I think if that’s what it took to make the math work, when you look at what — when you look at the entitlement side and when you look at the revenue side, I wouldn’t — I wouldn’t preclude that,” he said of Mr. Obama’s tax increase proposal. “Of course, we would have to do that at the numbers — if the numbers drive that way.”
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
About the Author
Susan Crabtree is an award-winning investigative reporter with more than 15 years of reporting experience in Washington, D.C. Her reporting about bribery, corruption and conflict-of-interest issues on Capitol Hill has led to several FBI and ethics investigations, as well as consequences for members within their caucuses and at the ballot box. Susan can be reached at firstname.lastname@example.org.
- GOP senators want IG probe of Sebelius' 'Obamacare' fundraising
- Teaming up with Christie, Obama says Jersey shore 'back in business'
- No Moore: Obama flubs name of Oklahoma city devastated by tornado, calls it 'Monroe'
- Obama to Okla. tornado victims: 'We have got your back'
- Amid his own challenges, Obama calls on Navy grads to hold themselves accountable
Latest Blog Entries
- Bill OReilly reminds: Nelson Mandela was a communist
- Bradley Manning, as Chelsea Manning, pens thank-you to MLK from prison
- Activists urge Obama to go rogue, sidestep Congress
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Spike in battlefield deaths linked to restrictive rules of engagement
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Kill team: Obama war chiefs widen drone death zones
- Pope Franciss colorful past: Gods nightclub bouncer
- 'Hunger Games' delivers Obama's message on income inequality
- MOVIE REVIEW: 'Out of the Furnace'
Independent voices from the The Washington Times Communities
The Constitution: Every issue, every time. No exceptions, no excuses. And how to get from here to there.
Why can’t humans just be free to be humans?
Get in the middle of all the action inside and outside the boxing ring.
Find the latest news and happening that effect those in the Washington D.C., Northern Virginia and Maryland Metro region.
White House pets gone wild!