WASHINGTON — Jamie Dimon, the chief executive officer of JPMorgan Chase, hosted a lunch with 75 business leaders on Monday to help build support for a budget compromise and avoid the so-called fiscal cliff, according to sources familiar with the situation.
The lunch — which featured representatives from the real estate, construction, retail and financial services industries — was a bid to convince business executives to embrace a plan similar to one proposed by the Simpson-Bowles Commission. That plan, introduced in late 2010, calls for Congress to raise taxes and cut spending on Social Security and Medicare in an attempt to significantly reduce the deficit.
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