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During TN speech, Pres. Obama proposes 'grand bargain' for jobs

9:06 PM, Jul 30, 2013   |    comments
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CHATTANOOGA, Tenn. (AP) - - President Barack Obama is offering Republicans something they've wanted for a long time, a simpler corporate tax code, in exchange for more spending on programs to create jobs for the middle class. But Republicans are saying "no deal."

They say the corporate and individual tax codes must be changed simultaneously to help certain small business owners.

Obama says money that comes from changing the tax system and closing loopholes can be spent on road and bridge-building projects to create construction jobs, or to help community colleges provide better skills training.

The president spoke at an Amazon.com warehouse in Chattanooga, Tenn., delivering his fourth speech on the economy and jobs in the past week. The online retailer said Monday it is adding 7,000 jobs in 13 states.

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Tuesday President Obama is making a rare trip to East Tennessee.

He landed in Chattanooga around 12:30 p.m. Tuesday to discuss boosting U.S. manufacturing and high-wage jobs.

The President plans to visit an Amazon facility that packs and ships products. It's part of a larger message about the economy that he's spreading nationwide.

The President is expected to speak sometime around 1:30 Tuesday afternoon.

The White House says his speech will focus on jump-starting job growth.

This is the first in a series of speeches about the middle class that the President plans to have over the next few weeks.

Stay with 10News and wbir.com throughout the day for more on his visit to East Tennessee. 

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