Obama Admin to Propose Lower Corporate Tax Rate

According to this morning's (Thurs. 5/5) Democracy Now!
Obama Admin to Propose Lower Corporate Tax Rate
Just what an economy struggling with heavy deficits needs - a lower corporate tax rate - but then Obama is running for re-election. This only works in the fantasyland in which Obama & Geithner live, in which Republicans will follow the president's lead & not undercut him. I wonder what our good friend, Rep. Michael Grimm (R-SI), will have to say about the American taxpayer not being an ATM for corporate welfare. But I guess Mr. Grimm believes in fairy tales.