National Marine Manufacturers Association regulatory affairs director Cindy Squires sat in a White House Business Council briefing to discuss the threat of the "fiscal cliff."
On Nov. 19, Squires took part in the briefing to help give the Obama administration a glimpse into how budget changes will affect businesses and the need for a balanced plan, the group said.
The “fiscal cliff” is a year-end series of tax hikes and spending cuts that would take $500 billion out of the economy next year and Congress is in budget negotiations over how to deal with it.
The briefing was part of a White House initiative to directly connect with the business community. About 25 business leaders weighed in, with members representing industries that include manufacturing, tourism and green initiatives.
As part of these discussions, Business Forward generated a deck with a side-by-side comparison of the Simpson-Bowles deficit reduction plan, President Obama’s budget plan and the Ryan Republican budget plan.