Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters
(Reuters) - President Barack Obama will propose a "grand bargain for middle-class jobs" on Tuesday that would cut the U.S. corporate tax rate and use billions of dollars in revenues generated by a business tax overhaul to fund projects aimed at creating jobs.
His goal, to be outlined in a speech at an Amazon.com Inc facility in Chattanooga, Tennessee, is to break through congressional gridlock by trying to find a formula that satisfies both Republicans and Democrats.
Efforts to reach a bipartisan "grand bargain" on deficit reduction have been at an impasse for months.
He can at least wait for the plan details before he bitches can't he?A spokesman for John Boehner, the Republican speaker of the House of Representatives, criticized the idea even before the release of the plan's details, saying it further backs Obama's policies on taxes and spending "while leaving small businesses and American families behind."