(CNN) – Goldman Sachs CEO Lloyd Blankfein said Wednesday he'd be open to moving the top marginal tax rate for families making above $250,000 a year from 35% to the Clinton-era level of 39.6% if it was an essential step to avoid the fiscal cliff.
"I think if that's what it took to make the math work, when you looked at the entitlement side and when you looked at the revenue side, I wouldn't preclude that," Blankfein said on CNN's "The Situation Room." "I think it's better to have as low a marginal rate as possible ... but if we had to lift up the marginal rate, I would do that."FULL STORY
Watch The Situation Room with Wolf Blitzer weekdays at 4pm to 6pm ET and Saturdays at 6pm ET. For the latest from The Situation Room click here.