Republicans Reject Obama Tax Proposal Sight Unseen

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I just finished reading three stories about President Obama’s upcoming proposal to revamp the corporate tax system in return for some short-term infrastructure spending. However, White House officials have apparently been very sparing with details, because none of the stories made it clear just what tax breaks Obama was offering. The whole thing is still very vague.

But one thing was clear: Republicans have rejected it. Completely. They’re not interested in waiting for the details. They’re just against it, full stop.

Welcome to America.

UPDATE: I’m not sure if this is online yet, but for the record, here’s the summary from a White House fact sheet on Obama’s proposal:

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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