Can Obama, GOP Find Accord on Corp. Tax Cuts?

Ad Feedback

President Obama and congressional Republicans have serious differences, but the Wall Street Journal reported Thursday they've begun to have a meeting of the minds on one issue -- cutting taxes for business.

"Tax reform could be a significant boost to our competitiveness," House Majority Leader Eric Cantor, R-Va., told the newspaper. "I'm hopeful and expect the president to put some action behind his statements."

The White House Export Council agreed, saying the U.S. corporate-tax code, with its top rate of 35 percent, has hurt U.S. businesses abroad. But administration officials said the president hasn't decided if he'll push for change this year.

In the meantime, the president will be discussing "his commitment to growing the economy and making America more competitive, and the importance of working together to create jobs," during his upcoming visit to the U.S. Chamber of Commerce Feb. 7, White House spokeswoman Jennifer Psaki said.

Tom Collamore, the chamber's senior vice president of communications, said he welcomes the meeting.

"We look forward to hosting the president next month to discuss jobs and the economy," Collamore said. "We're committed to working together to put Americans back to work."

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.