White House will include corporate taxes in Fiscal Cliff deal

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President Obama and House Speaker John Boehner “spoke by phone after exchanging new proposals to avert the ‘fiscal cliff’ as negotiations intensified ahead of the end-of-year deadline,” Reuters reports.

“The conversation and exchange of counteroffers over the last two days are the latest sign of possible progress in efforts to avert the automatic steep tax hikes and spending cuts set for January 1 unless Congress intervenes.”

Meanwhile, the the Wall Street Journal says the White House has told Republicans “it would include an overhaul of the corporate-tax code as part of any deal to reduce the deficit, people familiar with the talks said, putting a major priority for business groups on the table as part of the intensifying negotiations.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.