Obama Proposes 'Grand Bargain' For Jobs

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) - President Barack Obama is extending a new economic offer to Republicans that he hopes will break the impasse on fiscal negotiations.

Obama plans to use a trip to an Amazon.com distribution center in Chattanooga, Tenn., today to propose what he's calling a "grand bargain for middle-class jobs." The White House says Obama is proposing to cut corporate tax rates in exchange for job investments.

Obama has long called for a cut in corporate tax rates, but previously insisted such business tax reform be coupled with individual tax reform.

He's dropping that demand and says instead that he's open to the corporate tax cut that businesses crave. But he wants it to be coupled with spending on some sort of job creation program like manufacturing, infrastructure or community colleges.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 217574011 - kolotv.com/a?a=217574011
Gray Television, Inc.