A spokesman for House Speaker John Boehner’s (R-OH) office on Tuesday was quick to criticize a so-called “grand bargain” that President Barack Obama is set to propose during a visit to Tennessee later today, claiming that the president was supporting his own long-held positions rather than striking a deal in good faith with the GOP.
“The President has always supported corporate tax reform,” Michael Steel said in a statement. “Republicans want to help families and small businesses, too. This proposal allows President Obama to support President Obama’s position on taxes and President Obama’s position on spending, while leaving small businesses and American families behind.”
Obama will offer to cut corporate tax rates in exchange for additional job investments to boost the middle class.