After leading Republicans swiftly rejected President Barack Obama’s new “grand bargain” proposal, which would lower corporate tax rates in exchange for more spending on infrastructure, the president responded Tuesday by calling for a substantive counter-offer.
“I am laying out my ideas to give the middle class a better shot in a 21st-century economy,” Obama said in a speech on the economy in Chattenooga, Tennessee. “Now it’s time for Republicans to lay out theirs.
“Putting all your eggs in the basket of an oil pipeline that may only create about 50 permanent jobs, and wasting the country’s time by taking something like 40 meaningless votes to repeal Obamacare isn’t a jobs plan,” he added.
