Tuesday, July 30, 2013

John Boehner Has Already Killed The 'Grand Bargain' More Than 5 Hours Before Obama's Speech

House Speaker John Boehner has already thrown a wrench into President Barack Obama's latest "grand bargain" offer — just a few hours after details of it began trickling out, and just five hours before Obama is set to deliver a speech detailing the plan in Tennessee. The gist of Obama's grand bargain is a plan to cut the corporate tax rate, while using billions of dollars in revenue generated in business tax overhaul to fund a job-creation program.  In a statement, Boehner spokesman Michael Steel shot down the idea, marveling that it left small businesses "and American families behind."

Read more at Business Insider

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