With the fiscal cliff fast approaching, businesses are concerned that austerity policies will invite a recession. As lawmakers scramble to avoid the cliff, two dueling business viewpoints have emerged. One, offered by the Chamber of Commerce and other business lobbying groups, urges legislators to avoid raising taxes, while a coalition of CEOs, including companies like Honeywell, JP Morgan Chase and UPS, have called on the government to enact a balanced package of tax increases and spending cuts.
Dueling American business coalitions squabble over tax hikes in the fiscal cliff
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