As 2012 comes to a close, there’s still some unfinished business looming over Washington.   President Obama and Congress have yet to come to an agreement on how to avoid triggering a set of automatic spending cuts and tax increases set to go into effect at the start of the new year.
With so much at stake, the incentive for compromise seems high. But Ed Conard, former managing director of Bain Capital says, when it comes to increasing taxes for the wealthy, there’s just no room for compromise.