FSI urges common sense in appeal to avoid "fiscal cliff"

12/3/2012 | AdvisorOne

Pitching over the "fiscal cliff," a distinct possibility, would be a disaster for the U.S. economy, many experts agree. With that in mind, the Financial Services Institute is calling on policymakers to take several steps, including an extension of all 2001 and 2003 tax rates and business-tax provisions that are due to expire. FSI is also urging policymakers to provide Alternative Minimum Tax relief and to avoid the sequestration involved in the fiscal negotiations. "Our nation's leaders must also develop a plan that addresses America's excessive spending -- particularly entitlement spending -- in order to restore the nation's long-term fiscal health," writes FSI President and CEO Dale Brown.

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