Obama Splits Republican Alliance With CEOs Favoring Tax Increase
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Even as President Barack Obama was being attacked in campaign commercials funded in part by America’s business elite, he was making plans to enlist corporate chiefs to help in his first post-election battle.
Within 36 hours of the Nov. 6 vote, White House aides returned from victory celebrations in Chicago and began calling business leaders urging them to press for a budget compromise, including Obama’s demand for higher tax rates on the wealthy.