Fiscal Cliff

Tax Cuts, Entitlement Reform Favored by Chamber of Commerce

But not by politicians, if recent bloviating is any guide

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The Chamber of Commerce and more than 200 other business groups fired off a letter to President Obama and Congress on Wednesday pushing for the extension of tax cuts for every income bracket and fundamental reforms to entitlement programs.

"Our nation's entitlement programs are unsustainable. If we do not make sensible reforms, the programs will go bankrupt—and so will the nation. No one can dispute that," the groups wrote. "As Congress and the Administration work to resolve America's growing financial challenges and escalating debt, they must begin to fundamentally restructure these entitlement programs. "