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Fox Business "Market Rally" interviewed Chamber Executive Vice President
David Chavern on fiscal cliff uncertainty and its implications for businesses.
Chavern explained the "fiscal cliff issue is important for a whole range of
reasons but most particularly because it just adds to this whole environment of
intense uncertainty." He stressed that the issue needs to be resolved "now," not
at the last minute, saying "you'll get a lot of negative reaction" in the event
of a delay. He said the process should aim to avert the immediate impact while
setting up for a wider deal on "comprehensive tax reform and comprehensive
entitlement reform" after the deadline. Chavern concluded by noting a deal
should also include a "third bucket" to support the nation's "energy
revolution," saying it "would create massive new numbers of jobs and revenue if
only we will embrace it -- do what needs to be done." |
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