Tax Fight Freezes Defense Industry out of Negotiations Over ‘Fiscal Cliff’
November 20, 2012
The defense industry has $500 billion in pending Pentagon cuts at stake in the “fiscal cliff” talks, yet it finds itself largely sidelined in the heated debate.
Defense firms desperately want to prevent those cuts, which could cost them contracts and jobs. But in a debate focused on taxes and entitlements, they’re finding themselves on the outside looking in — with great anxiety.
“We’re still hoping, but really it’s coming to the point where it’s out of our hands,” said one senior defense lobbyist.