And even though the “Better Bargain” plan calls for corporate tax rate cuts — which Republicans have insisted is a priority — in exchange for a portion of that money to return to create the various job programs listed in his speech and throughout much of his presidency, Republicans continue to play hardball with the President.
But the line has clearly been drawn in the sand by both Democrats and Republicans on the matter.
“Here’s the bottom line: I’m willing to work with Republicans on reforming our corporate tax code, as long as we use the money from transitioning to a simpler tax system for a significant investment in creating middle-class jobs,” the President said. “That’s the deal.”
The GOP’s response has been prickly at best, with House Speaker John Boehner delivering tough words via a statement from his spokesperson, Michael Steel, “The President has always supported corporate tax reform,” Steel said in a statement. “Republicans want to help families and small businesses too. This ‘grand bargain’ 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.”
As expected, Obama’s words have prompted GOP power brokers, such as Senate Minority Leader Mitch McConnell,to say that the President’s plan is a “further left” version of an economic strategy he proposed two years ago.
Despite the partisan bickering that’s soon to ensue, especially over raising the minimum wage and eliminating the transfer of jobs overseas, Obama’s remaining days in office show that he is not content with running a lame duck White House.