Top CEOs push for 'credible' cliff deal

  • Article by: JIM SPENCER , Star Tribune
  • Updated: December 11, 2012 - 9:35 PM

Medtronic, Target executives are among those urging compromise.

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northrnlitesDec. 12, 1212:03 AM

Lock the entire congress in a room and nobody leaves/calls/talks to press until they have a deal. End of discussion.

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comment229Dec. 12, 12 4:51 AM

Funny how this one is going to play out if the corporate world gets their way on this. They will pay higher personal taxes to the government (MAYBE), and probably less in taxes to social security which should have nothing to do with the fiscal cliff(can you say corporate attack on middle class Americans who will some day depend on social security?). As far as medicare goes for the tail end of the baby boom generation, we have been getting stuck for the last twenty years in health care insurance premiums, and many of us have catastrophic insurance plans, which are worthless and only exist to prevent us from going into bankruptcy. We are trying to survive until we reach the age of medicare. Now, I suspect you want to increase that to a higher age and make us wait some more. Sorry, but I hope this all comes crashing down, and we go over that fiscal cliff. I have nothing to lose, and agree with almost all the cuts that would be made.

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north212Dec. 12, 12 5:09 AM

I am glad to see they are pushing for compromise. Perhaps the "me" legislators need to also hear that no more campaign funds will be available to them until they prove by action that they can get the job done!

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corngo4rDec. 12, 12 5:33 AM

I wish the politicians would really do 2 things,a) stop the barnstorming tours like it is an election and lock themselves in a room with each other and b)stop focussing on what needs to be done on the other side of the fence to get a deal done and look at what they need to put in the pot to get things done.

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jonnyappDec. 12, 12 6:46 AM

Who cares what CEO's have to say? They're part of the elite class that put us in this mess. How about if we get advise from those economists who have been correct on the issues so far.

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yogi43Dec. 12, 12 6:48 AM

How can anyone say that the social security taxes are not tied to the fiscal cliff, when 16% of the national debt is money owed to the social security trust fund and to continue to underfund that by 2% creates a larger problem down the road? The $2.6 trillion owed to the social security trust fund needs to be paid back and the 2% cut in fica taxes needs to be abolished. Maybe these clowns should be looking at closing some of the 900 plus military bases and installations around the world. Also, why does the public allow the talk of cutting their retirement and health plan, instead of demanding the politicians cut their own cushy plans? Google federal income tax tables for the past 100 years, and see how the percentage of tax paid by the wealthiest citizens has continually gone down. How can anyone argue the rich need more tax cuts?

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dirtydogsDec. 12, 12 7:02 AM

Just make sure they do not balance the budget on the backs of the elderly and middle class.

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ranger78Dec. 12, 12 7:18 AM

Immelt of GE was heard praising the Chinese Communists for how they run their economy. I don't think politicians need any input from someone as dilussional as that.

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formergopDec. 12, 12 7:21 AM

Remember goptp. Social Security is funded by the people who contribute. Just because politicians borrowed from it in the past, does not mean you can just write it off now. Its our money! Hands off!

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rickbmnDec. 12, 12 7:28 AM

These people are such hypocrites and obviously have NO shame. All they want is the government trough to stay open...more corporate welfare. Immelt, the CEO of GE wants taxes to go up despite GE paying NO federal income taxes on the billions of dollars they make. The CEO of Costco borrowing money to pay dividends this year to avoid the Obama taxes. Warren Buffet shielding his income. And or another to say we don't need another debt ceiling debacle is totally a shame since we are quickly approaching the ceiling (again) with this out of control spending. I'm sure HIS company doesn't have an umlimited debt ceiling. His company would not be able to borrow a dollar if it were run like the federal govt. These CEOs have ALL become puppets of the govt because they all want corp welfare. I say cut them ALL off!

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