• The Washington Post

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President Barack Obama on Tuesday proposed spending more on creating jobs in exchange for an overhaul of business taxes. But the idea quickly devolved into the type of partisan finger-pointing that shows why any agreement will be so difficult.

With great fanfare, Obama and his aides promoted what they called a new “grand bargain” that would sidestep disagreements and focus on a longtime Republican goal: a rewrite of the business tax code to lower corporate rates.

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