President Obama to propose `grand bargain' for jobs in Chattanooga

President Barack Obama will be in Chattanooga Tuesday.  He

President Barack Obama speaks about the Affordable Care Act during an event in the East Room of the White House in Washington, Thursday, July 18, 2013. Obama argued that his Affordable Care Act is holding insurance companies accountable and putting money back into the pockets of consumers. (AP Photo/Susan Walsh)

CHATTANOOGA, Tenn. (WVLT/AP) -- President Barack Obama will be in Chattanooga Tuesday. He'll be talking about his new initiative to bring jobs for the middle class. He is expected to extend a new economic offer to Republicans that he hopes will break the impasse on fiscal negotiations.

Obama plans to use a trip to an Amazon.com distribution center in Chattanooga, Tenn., to propose what he's calling a "grand bargain for middle-class jobs." The White House says Obama is proposing to cut corporate tax rates in exchange for job investments.

Obama has long called for a cut in corporate tax rates, but previously insisted such business tax reform be coupled with individual tax reform.

He's dropping that demand and says instead that he's open to the corporate tax cut that businesses crave. But he wants it to be coupled with spending on some sort of job creation program like manufacturing, infrastructure or community colleges.

Last week in Illinois he presented a plan to bring more people into the middle class. So now he's going on multiple city tours to present his plan.

Amazon.com says it's adding 7,000 jobs in 13 states including right here in Tennessee. The company is beefing up staff at the warehouses where it fills orders, and in its customer service division.

White House Deputy Press Secretary for the Economy Amy Brundage says, "There are other cornerstones of economic recovery that the president wants to focus on like housing, how we're ensuring our kids get a good quality education, How we're strengthening our infrastructure and how we're building our roads and bridges. And how we're making sure American's have affordable healthcare."

The president wants to ensure economy will continue to strengthen and make sure the middle class is secure. That's why he is focused on this message now, and making the trip to Chattanooga on Tuesday.


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