Obama to propose 'grand bargain' on corporate tax rate, infrastructure
| Reuters
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. Senior administration officials say Obama is not
giving up on a big deficit-cutting package, but given that no agreement
appears on the horizon so far, he is offering a new idea to try to
follow through on his 2012 re-election campaign promises to help the
middle class.
"As part of his
efforts to focus Washington on the middle class, today in Tennessee the
president will call on Washington to work on a grand bargain focused on
middle-class jobs by pairing reform of the business tax code with a
significant investment in middle-class jobs," Obama senior adviser Dan
Pfeiffer said.
More Shovel ready Hopes and dreams...
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