President’s Chattanooga offer on tax code overhaul gets cold reception from GOP

CHATTANOOGA, Tenn. (AP) – President Barack Obama used an appearance in Chattanooga to offer congressional Republicans a new corporate tax cut and jobs spending package.

Obama spoke at the fulfillment center on Tuesday.

GOP lawmakers immediately threw cold water on the idea. The divide was particularly stark on the corporate tax proposal, given that both parties generally have supported overhauling the code for businesses, though the White House and Republicans have differed on specifics.

The president said he’s willing to work with Congress to reform the corporate tax code, but the deal must include a significant investment in creating middle-class jobs. (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)