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National Federation of Independent Business CEO Dan Danner on the fiscal cliff debate.
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-- thanks for that update let's continue on the theme here with our first guest who is part of the group that met with President Obama the White House yesterday to talk about the ongoing negotiations.
To avoid a fiscal -- again -- is -- CEO of the National Federation of Independent Business pleased to have joining us live from Washington sir welcome.
Thank you are executing impressions are -- more optimistic or more pessimistic now after meeting with the president.
Well actually we didn't meet with the president we met with most of that top economic team men I would say there.
Was nice -- -- at the meeting at all.
Do you really -- -- -- time because that.
Billing we got from me damn was that you're there face to face with the president -- you're able to state your case and explain your concerns going forward that was not what happens.
Well we did again we did not meet with the president but and they were that it wasn't just me clearly the right.
There -- -- organizations there I think everyone was able to state their case but.
I don't think there's any.
Change in opinion the White House.
Believes that their proposals -- good one and that the Republicans in the house ought to accept it and move on how do you feel on behalf of business in this country.
Well we're still very concerned about raising taxes on.
The job creators and this will clearly we did that and we think -- be a loss of jobs and that you take their ability to invest delay its gonna cost jobs for.
Small business people.
So you must be frustrated that this discussion.
On taxes is really zeroing in on.
Household income the threshold for what households taking because as you know so many.
Especially small businesses report in similar fashion and that elements of the debate on tax policy.
Many people would say is be ignored do you agree discrete.
Absolutely agree I mean.
Almost all of our members are pass through entities there LLC's their escorts they pay as individuals.
All of that money candy here is not take come.
It's their ability to invest in their business and create jobs.
You raise the taxes on that and you get less investment and less ability for them to create jobs it's simple.
At this point but the clock ticking down two weeks to go to the end of the year.
Where -- -- -- I mean -- you basically.
Because it looks like.
Most -- taxes are going up in some way shape for for most people would agree.
Perhaps I'm wrong but how do you see this ending up.
Well I think.
We remain optimistic coming small business owners are optimistic that would've ever got in in the business in the first place so.
We're hopeful that.
Calmer heads will prevail and will do something that won't hurt small business across the board.
So the latest up print on third quarter GDP the final print tests showed -- better than expected gain over 3%.
So the economy if you look at that snapshot is -- a clear expansion -- not.
In the recessionary two consecutive quarters of contraction which would characterize a recession per say but how concerned -- argue that we get back into that.
Negative territory this new year.
We're very concerned our latest economic data said that.
In terms of their optimism or pessimism.
Small businesses are less optimistic.
Then they've been for months it was one of the lowest ratings in that 37 years.
Are doing this economic data so small businesses think things are gonna get worse before they get better.
Yeah that's the growing chorus unfortunately -- Kennedy NFIB thank you for your time in deadlock.
