Source:Associated Press– President Barack H. Obama (Democrat, Illinois) 44th President of the United States in Tennessee.

“Seeking to ease Washington gridlock, President Barack Obama on Tuesday challenged Republicans to accept a new fiscal deal to cut corporate tax rates in exchange for more government spending on jobs programs.”

From the Associated Press

I like the idea of giving business’s that invest in America tax cuts and make that as part of tax reform. That any dollar they make inside the United States and every job they create in the United States, they would pay lower taxes on those investments than they would had they invested that money oversees. Which would make American business’s more competitive with foreign business’s that are based in countries that have lower business taxes than we do.

This should be part of tax reform that goes along with eliminating corporate welfare all together. And replacing it with what I would call corporate workfare: those subsidies would be transferred over for things that benefit the American economy. Like training low-skilled workers and other workers so they can move up in these companies. Pensions, health insurance, opening up new plants, offices, factories and so-forth. Rather than cutting business taxes and hoping for the best and then those business’s just pocketing the money.