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Bennigan’s CEO Paul Mangiamele on why he disagrees with CEOs who support tax hikes as part of a potential fiscal cliff deal.
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CEO no more than a 160 corporate -- -- signing a letter to congress supported.
Tax rate increases and a deficit deal now there's one CEO who has -- -- will reduce.
Bed again CEO Paul -- Jim Allen.
You don't like this -- One I really don't know what planet the CEOs from but it can't be planet earth they're largely large companies yet to talk when I was the when you're looking at a fortune 500 CEO in the taken a look at both.
A little bit of tax increases won't hurt us to cut billions in revenue are -- not thinking about the -- -- -- the small business.
As a small companies.
That you know really used to driving machine for the scope for this country so about what you're saying you know and hundreds -- -- -- very quickly as they can find ways around desired taxes.
Small -- is not so much there are no dramatically limited and it's already fractious this already fractious already very thin.
In terms of operating margins and -- -- like any any.
Good custodian of the -- take a look at you know when you take take a look at the larger picture we take a look at.
How -- we.
Able to maybe squeeze in on some of the operating cost how we able to save some money so on the revenues.
I I got a message for everybody.
Let's get people back to work if you want to raise tax revenue -- get people back to work that's getting contributing their fair share tax.
And on the other side let's take a look at saving I mean he did individuals.
Attach rate has only gone up -- 1% over fifty years.
In terms of a percentage of didn't -- the argument for doing this deal is that is up ten by Anderson but the president argues he was reelected.
And with this being the premise of his wanted to be -- hiking taxes on the well to do so get over it's gonna happen and it is what it is.
If that is the case than what Republicans do.
That's that's the question is and I mean that's I think we're all being.
Looking at you know what.
What avenues now do we have available I mean but I think it's did the practical.
Wisdom that common sense.
Is that you know you used to go to business to you still have we -- people that you're responsible for whether the -- what's the -- business -- yours is voice when all -- -- on his greatest your restaurants are they are -- in -- decision right to go out to -- Our do you see -- -- in a higher tax environment for the world to do.
That's gonna happen -- gonna go out to -- -- I think it's it's a very fragile economy and has been for many years now and I think that.
Mean again the savvy -- annuity customers to see you more among the 90% of the 2%.
I'm were more terms -- in 98%.
I didn't want to make it available.
To everybody.
And again many uses you know we have a we have a great positioning in in the casual dining.
And we have we're in fact you -- probably not much what is you've been writing -- this'll best.
So one could argue.
You're either good defense player people are hungry they -- well they're depressed -- worry I don't know what it is but you've been thriving nicely what is that you fear.
Doesn't less.
Well it I think it's the opposite and I'm looking I think that may be in this case hope is -- strategy.
Tinto I think that I think not whole being is sunny day tomorrow and everything's rosy I think coal hope in the sense of John McCain hoping that he would get through.
His his travails and in the prison -- camp and and you know being able to deal effectively the diversity and not having defeatist attitude and rising above.
The -- that's going to happen no matter what so I have always corporate lemmings who are following aren't.
Hiker taxes were okay when it.
It's it's like something just switch or light went on -- -- after the election.
Where there are all just full full full full both worked.
Well I don't subscribe to that that dog doesn't hunt in our world and and I really think that as for Romney would -- -- wanted to going to let up do you think they're doing.
To get along well it to -- I think that they get along to go along maybe did try to reach some kind of compromise but again.
It's benefiting a very small cross section of business vs the majority of the -- -- franchisees like what we have to bet against.
That go out there and and no matter what the economic situation were out there you know fighting fighting for the good fight.
I'm finally let's say it does have in taxes do go up.
Everyone is worried that we see a downdraft the administration points to the Clinton years when they raise taxes and we were off to the race is just the opposite.
Of what may be folks of your Arabs had to look back then.
Good to the same not happen now.
I think it's a very real possible yeah I'm you know and again -- real Muslim we we repeat -- don't retreat.
Others have them if -- there's a great and opportunity to -- teeth and and what we need to do again is to you've got to run our business for -- regardless of who's in office regardless of whether it's a Democrat or Republican.
We have to do what's what's Smart what's practical for businesses we have to make sure that we work for their franchisees are vendors and and deliver to to our customer.
To prevent it is true that we've been known for 36 years and it is good -- -- into.
Zakaria whose like that you don't need it I know that I'm but I see a material won't thank you very much and well.
