Business knows whats good.
by JP Bill - 11/28/12 8:15 PM
At White House, CEOs offer support for higher tax rates
Executives who attended the meeting said leaders from both sides needed to compromise, and they indicated backing for an increase in rates for high earners like themselves.
"The president and his team were resoundingly reasonable in what they had to say. They came into the meeting wanting to communicate that revenue increases are a significant part of a deal,
"There needs to be some revenue element to this, and (Obama) started with rates. And he started with rates on what we would define (as) the upper two percent. ... That we have to pay our fair share. And I think everybody was in agreement with that notion," he said.