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Tuesday, July 30, 2013

Obama Proposes Cuts In Corporate Tax Rates

President Barack Obama waves as he boards Air Force One at Andrews Air Force Base, Md., Wednesday, July 24, 2013. Obama is traveling to Knox College in Galesburg, Ill., to kick off a series of speeches that will lay out his vision for rebuilding the economy. (Cliff Owen/AP)

President Barack Obama waves as he boards Air Force One, Wednesday, July 24, 2013. (Cliff Owen/AP)

U.S. home prices continue to surge. The Standard & Poor’s/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.

Low interest rates and an improving job market are boosting demand for homes and driving prices up.

President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called “grand bargain” to overhaul the corporate tax system.

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