Presidential push for a fiscal bargain solves status quo divisions
Vicki Needham (writer for The Hill) November 7, 2012 “Business groups urge quick extension of tax policies in lame duck” http://thehill.com/blogs/on-the-money/economy/266701-business-groups-urge-quick-extension-of-tax-policies-in-lame-duck
A grand bargain will requirecomplex negotiations that will take more time than the six or so weeks left before year's end. "What we need is action," Engler said. Engler, Casey and Jay Timmons, president of the National Association of Manufacturers, told reporters that Obama must lay out a blueprint for Congress that will tackle the long list of these issues hampering a more robust economic recovery. "This is going to take executive leadership," Engler said. Timmons said it is time for unity to help the country improve its global competitiveness. "Our goal is to grow the economy," he said. The president talked to congressional leaders on Wednesday about the legislative agenda less than a day after winning reelection. But congressional leaders immediately staked out the samepositions that have created so much division on Capitol Hill. Speaker John Boehner (R-Ohio) said he would not yield to raising any taxes this year, while Senate Majority Leader Harry Reid (D-Nev.) argued for letting tax rates expire for wealthier earners. Still, both men hinted that they need to finda way to work together towarda bipartisan compromise.
