Bush may consider new corporate tax break

WASHINGTON, Aug. 9 (UPI) -- President Bush says he is considering a new plan to cut U.S. corporate tax rates to make them more globally competitive.

Bush told the Washington Post he was "inclined" to send to Congress a corporate tax package supplied him by advisers although he was uncertain how it would fare.

The president was given a series of ideas to restructure corporate taxes, possibly eliminating some narrowly targeted breaks to pay for a broader, across-the-board rate cut.

Such a move could further inflame a battle with the Democratic Congress over spending and taxes, the Post said.