I’ll have more to say about this later, but check out this fact sheet on the new corporate-tax-cut-for-jobs proposal that the President will propose later today.
I get that the R’s are honor bound to oppose anything he comes up with, but the fact that they’re already out, hours before the speech, condemning this as just another example of Obama trying to impose his ideas on them. Cutting the corporate rate…his idea?? True, he’s talked about lower-rate-broader-base corporate reform for years, and the Treasury put out a white paper on this last year. But this is something R’s have called for forever–you can’t spend five minutes on the Larry Kudlow show without him calling for a corp-rate cut.
I really wonder if at this point, he agreed to repeal Obamacare, they’d immediately decide it was essential to implement it tomorrow.