McCarthy, a California Republican, said in a message on Twitter on Tuesday that he’s “hosting a meeting [with] business owners to hear their ideas” about how to resolve the looming tax increases and spending cuts known as the fiscal cliff.
The guest list for the meeting in McCarthy’s Capitol Hill office reportedly includes Goldman Sachs Group Inc. CEO Lloyd Blankfein. Other invitees include Thomas Wilson, the CEO of Allstate Corp., and David Cote, CEO of Honeywell International Inc.
House Republicans apparently don’t want to be outshined by a similar meeting scheduled to take place at the White House on Wednesday — the second post-election get-together about the fiscal cliff between President Obama and CEOs.
Blankfein is part of a group called the Campaign to Fix the Debt, which was founded by former White House Chief of Staff Erskine Bowles and former Republican Sen. Alan Simpson. Bowles will reportedly be at the meeting with lawmakers on Wednesday.
The Campaign to Fix the Debt is backing the Bowles-Simpson framework as a beginning point for debt reduction. It includes changes to entitlements and spending cuts in addition to tax increases.
– Robert Schroeder