McConnell and Boehner reject President Obama's proposal [View all]

[ProSense]

McConnell Rejects Obama’s ‘Further Left’ Grand Bargain

Senate Minority Leader Mitch McConnell (R-KY) joined fellow Republican House Speaker John Boehner Tuesday in rejecting President Barack Obama latest "grand bargain," which proposes lowering the corporate tax rate in exchange for additional spending to boost infrastructure and the middle-class.

"It's just a further left version of a widely panned plan he already proposed two years ago, this time with extra goodies for tax and spend liberals," McConnell said on the Senate floor. "The plan which I just learned about last night lacks meaningful bipartisan input, and the tax hike it includes is going to dampen any boost business might otherwise get to help our economy. In fact, it could actually hurt small businesses and it represents an unmistakable signal that the president has literally backed away from his campaign-era promise to corporate america, that tax reform would be revenue neutral to them.

"I truly hope the president reconsiders this plan and consults with congress before moving any further," he added.

http://livewire.talkingpointsmemo.com/entry/mcconnell-rejects-obamas-further-left-grand-bargain

Boehner Camp Quickly Pans Obama’s Proposed ‘Grand Bargain’

A spokesman for House Speaker John Boehner's (R-OH) office on Tuesday was quick to criticize a so-called "grand bargain" that President Barack Obama is set to propose during a visit to Tennessee later today, claiming that the president was supporting his own long-held positions rather than striking a deal in good faith with the GOP.

"The President has always supported corporate tax reform," Michael Steel said in a statement. "Republicans want to help families and small businesses, too. This proposal 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."

Obama will offer to cut corporate tax rates in exchange for additional job investments to boost the middle class.

http://livewire.talkingpointsmemo.com/entry/gop-spox-criticizes-grand-bargain-as-obama-supporting