I just finished reading three stories about President Obama’s upcoming proposal to revamp the corporate tax system in return for some short-term infrastructure spending. However, White House officials have apparently been very sparing with details, because none of the stories made it clear just what tax breaks Obama was offering. The whole thing is still very vague.
But one thing was clear: Republicans have rejected it. Completely. They’re not interested in waiting for the details. They’re just against it, full stop.
Welcome to America.
UPDATE: I’m not sure if this is online yet, but for the record, here’s the summary from a White House fact sheet on Obama’s proposal: