CHATTANOOGA, Tenn. — President Obama came to a cavernous Amazon distribution center here Tuesday and backed a cut in corporate tax rates in return for a pledge from Republicans to invest in more programs to generate middle-class jobs.
The proposal, an effort to break a stalemate with Republicans over budget policy, comes as Mr. Obama and his Congressional opposition are headed toward a showdown in the fall over taxes and spending.
With a sea of cardboard boxes serving as a backdrop, Mr. Obama described a “grand bargain” for the middle class that he said would stimulate the economy while giving businesses the lower tax rates they have long sought….
Click here to read more
