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POLITICAL EYE: Business leaders fear consequences of 'fiscal cliff'

Executives from the Las Vegas Chamber of Commerce make their annual trip to Washington, D.C., this week to meet with Nevada lawmakers and federal officials.

Their message: Do whatever it takes to avoid sequestration, the automatic, across-the-board federal budget cuts that would take effect early next year if Congress fails to strike a deal on the federal debt.

The chamber does not have an official position on whose taxes should be cut, whose taxes should be raised, or other revenue and spending matters involved in the negotiations over the so-called "fiscal cliff" at year's end, said Cara Roberts, senior director of marketing and communications.

But the chamber does know that automatic spending cuts that would take place if Congress falls short could have a deep impact on Nevada, she said.

Source:

Las Vegas Review-Journal