Panelists talked about issues related to the “fiscal cliff,” impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. They agreed raising taxes won’t solve all the problems, and called for changes to entitlement spending.
The panel “The Grand Bargain” was part of a National Chamber Foundation forum titled, “A Balancing Act: Tough Decisions in the Face of Fiscal Challenge,” held at the U.S. Chamber of Commerce.