Goldman CEO: I’ll pay 5 percent more tax for budget deal

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Blankfein of Goldman Sachs participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New YorkWASHINGTON (Reuters) – Goldman Sachs Chief Executive Lloyd Blankfein on Thursday became the latest big-name business leader to pledge to pay a steeper tax rate – 5 percent more, he said – in exchange for a long-term bipartisan deal in Congress to keep the country from falling off the "fiscal cliff." Blankfein is part of a group of corporate executives who have raised nearly $30 million to support a deal to avoid the nearly $600 billion in tax hikes and spending cuts set to take effect at the end of the year. …

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