Neither Democrats nor Republicans are creating a win-win for the other in the "fiscal cliff" negotiations and the deadline for reaching a deal was months ago, Allstate CEO Thomas Wilson told CNBC's "Closing Bell" on Tuesday.
The insurance executive said that both sides have agreed on the three buckets to prevent the automatic spending cuts and tax increase that go into effect at the end of the year — revenues, entitlements and spending reductions.
"The bad news is we haven't agreed on how much into each bucket," Wilson said. "And I don't think they're trying to create a win-win for each other. In most good negotiations, you try to help the other person come out with a win and I don't see that there."