Although most of the evening newscasts on Tuesday and morning shows on Wednesday ignored Barack Obama's plan for a "grand bargain," ABC's Good Morning America covered the latest budget move and wondered why Republicans would "reject a tax cut for corporations."
Reporter Jim Avila offered an incomplete description of the President's latest plan, citing personal animus on the part of the Republicans: "When would Republicans reject a tax cut for corporations? Answer, when it's proposed by this man, the President, who says he wants to break the capital logjam, by agreeing to lower taxes for businesses." Obama's proposal would lower the corporate income rate from 35 percent to 28 percent. Yet, as the Business Insider and the Wall Street Journal pointed out, it's not much of a deal.