Regions

Obama’s proposal aims to satisfy Republicans and Democrats

August 3
11:41 AM 2013

On Tuesday, US President Barack Obama proposed a plan called the "grand bargain for middle-class jobs". The said plan was to cut the US corporate tax rate and use billions of cash from revenues made from a business tax overhaul. The funds would be used to finance projects that would create jobs.

Obama delivered his speech at an Amazon.com facility and in front of an enthusiastic audience in southern Tennessee. His goal was to break through a partisan gridlock in Congress that would please both Democrats and Republicans alike.

With his goal to satisfy both parties, Republicans showed no sign to be in favor of the president's proposal. Republicans have been known to fight almost every facet of the domestic agenda that Obama proposed.

The plan that Obama proposed combined both Republicans and his fellow Democrats' interests. Republicans desired new spending on infrastructure projects while Democrats are directed to education investment.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics