WASHINGTON,Jan17: President Barack Obama's jobs council is calling for a corporate tax overhaul, expanded domestic drilling and new regulatory reforms, a set of proposals unlikely to provide a quick fix for high unemployment or gain much traction in an election year. A panel of business leaders advising Obama -- whose re-election chances could hinge on whether he can boost the fragile U.S. economy -- will offer its latest job-creation prescriptions at a White House meeting with him on Tuesday. A draft of its report was obtained by Reuters.
