The GOP has now taken control of Congress. In his column today for The Week, Jim Pethokoukis puts together a list of “3 deals Obama and the GOP should make in the post-midterm world.” After all, “just because another two years of unproductive trench warfare is the most likely result doesn’t mean all hope should be abandoned.”
1.) Job creation: Work together to create good-paying jobs through the public investment Democrats want and the business tax reform Republicans want. According to a Third Way proposal, Democrats could boost spending on public investments — including infrastructure and worker-training programs — by $400 billion over 10 years, creating jobs on all these projects. Meanwhile Republicans could cut the uncompetitive US corporate tax rate — the highest among advanced economies — from 35% to 31%, allowing businesses to hire more freely.
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