Obama Wants To Cut Corporate Tax Rate To 28%

Posted by | February 22, 2012 08:59 | Filed under: Top Stories

Submitted by William

President Obama would close tax loopholes and lower the corporate tax rate from 35% to 28%, with a lower effective tax rate for manufacturers.

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.

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Copyright 2012 Liberaland
By: William

retired military , former cop, lifelong gym rat and doting grandfather alive and living in Maine

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