By Ramsey Cox - 07/30/13 02:09 PM EDT
“The plan lacks meaningful bipartisan influence,” McConnell said on the Senate floor Tuesday. “[And] it could actually hurt small businesses.”
The president’s plan will also include measures to prevent corporate tax evasion and the use of offshore tax havens through a minimum tax on foreign earnings.
In exchange, Obama seeks spending on investment projects he says will benefit the middle class, such as infrastructure repair and aid to community colleges.