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NFIB CEO on Fiscal Cliff

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    NFIB CEO Dan Danner on small business and the fiscal cliff.

  • Duration 3:37
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Gridlock is back.

In Washington -- the election.

And the National Federation of Independent Business warns that unless the fiscal cliff is fixed.

Small businesses are at risk we're joined by an FIBCEO.

Dan Danner.

Dan growing calls now by some Tea Party -- but maybe even Democrats bid for Bill Clinton to step -- these.

Negotiations to fix than the cliff would you be in favor of that.

But we certainly -- -- get it fixed in whatever it takes.

Small businesses.

Are very concerned that.

They're going to be pushed off the cliff and probably first.

Yet -- -- that this would even be suggested.

Is this a sign that people don't have enough faith and credit president Obama's ability to work the Republicans are got to go to.

To his a spokesman Bill Clinton.

Well certainly the history is not very good I mean I think there were there have been over cures.

All over the last couple years and nothing has happened then and and I think it does speak to the fact that people are very confident that this is gonna get fixed.

Yes now what we've been complaining for a year now that businesses won't invest because there's too much -- certain -- Well we finally have uncertainty Obama won so capital gains tax rate going up estate tax free gallon up tax on dividends going up.

Three point 8% tax slapped on some investments to fund Medicare don't -- -- got certainty how's that for small business.

Well -- that that that's a kind of certainty they don't want and and the top braved.

Which a president is absolutely.

Determined to have go out.

I mean he says we wanna raise the rate on households what he doesn't say is how about small businesses that are hello cities and that's corpse.

And they pay that rate and that's not all tight come that's money they have to invest in their business he wants to raise that to.

And that's gonna heard a lot of small businesses and cost jobs yet will 2% of small businesses will be affected by the tax increase on the on the wealthiest -- -- they.

-- employs 25% of all American workers if I remember correctly.

Well will they fixed the cliff in time what's gonna happen next.

I wish I knew I wish I was confident.

To say they will fix -- I think the most likely scenario is congress will do what they do best and that's a kick the can down the road I think that the question is that.

In terms of what's in -- -- some things won't be extended.

You know even for six months or nine months.

And I think the top rate is one of those that's very vulnerable.

Does it have to be the end of the world Dan if the top rate goes up.

I mean it's eighty billion dollars a year.

To seventeen trillion dollar economy.

Not it's not the end of the world but it is for.

-- small businesses you mentioned.

That those who create heck of a lot of the jobs.

It's less money that they have to invest in their business to hire a new person to grow and do again what.

What we all think we need and that's to create more jobs yet now I think it what do you what what do you say something in the chances are -- that President Obama law.

Well welcome Bill Clinton to steal his reelection thunder and take the lead in these negotiations.

What he set -- I would agree with the I mean if if health -- was -- legacy during his first four years certainly.

Tax and entitlement reform would seem to be the opportunity at least.

For a legacy for his next four years.

And I'm sure you don't want to share that with anybody.

-- -- all right well thank you very much for being let us Dan data presidency of the National Federation of Independent Business.

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