AP source: Obama to push lower corporate, effective tax rates
February 22, 2012 at 12:29 am in Grand Forks Herald
President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says. In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy. Corporations with overseas operations would also face a minimum tax on their foreign earnings. Continue Reading
Nice,
A feel good lets all love Barack story.
Yet zero, nada, nothing on the global travesty that is Syria.
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It’s just a ruse.
http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories
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“Geithner says Obama’s plan to reduce corporate tax rates good for business”
What else is a person appointed by Obama going to say? What a dumb headline.
Hey Herald writers…. I see you can mention a train wreck in Argentina. Anything on the wires regarding death and destruction in Syria?
just asking, cause it would appear as if this event isnt happening by reading your paper.
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Obama closes some loop holes and lowers the tax rate for corporations. Corporations do not pay much, if any taxes now. This just makes it worse. He should have closed the loop holes and left the tax rate alone. For those that object, look at the outrageous profits corporations are posting. They can well afford to start paying their share. They do claim to be people, after all.
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