Obama to Offer New Tax Bargain to GOP

A cut in corporate tax rates in exchange for job programs

President Obama hits the road again Tuesday for another in a series of middle-class speeches, and a new offer to congressional Republicans.

During a trip to Chattanooga, Tenn., Obama will propose a cut in corporate tax rates—a priority for the Republicans—in exchange for new jobs programs, a prime White House objective.

"The president will call on Washington to work on a grand bargain focused on middle-class jobs by pairing reform of the business tax code with a significant investment in middle class jobs," said a statement from Obama senior adviser Dan Pfeiffer.