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Max Baucus

Another bargain, another rejection

There is widespread agreement that the U.S. can become more competitive in the global marketplace if it lowers its corporate tax rate. There's also a consensus that the nation needs to spend more money on its vital infrastructure. So one might assume that a proposal to accomplish both — and one that would create thousands of jobs without adding to the deficit — would be greeted with a roar of approval. Hah, where have you been? The latest "grand bargain" President Barack Obama announced in Chattanooga, Tenn., on Tuesday drew immediate opposition from Republicans. Rep. Paul Ryan labeled it a "raw deal." Senate Minority Leader Mitch McConnell called it a...