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Friday, February 10, 2012

Obama- Yes we can, to corporations

Obama to pitch lower U.S. corporate tax: Sources - chicagotribune.com: "U.S. President Barack Obama, who has angered businesses with his plans to close corporate tax loopholes, is expected to call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration.

The president is likely to propose a rate close to an average of peer nations, the sources said.

This would fit with remarks made last year by U.S. Treasury Secretary Timothy Geithner, who suggested the United States should be moving to a rate more in line with its major trading partners in the high 20 percent range."

'via Blog this'

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