Corporations Don’t Need a Tax Cut, So Why Is Obama Proposing One?
February 23, 2012 at 07:49 AM EST
The Obama administration is proposing to lower corporate taxes from the current 35 percent to 28 percent for most companies and to 25 percent for manufacturers. The move is supposed to be “revenue neutral” – meaning the Administration is also proposing to close assorted corporate tax loopholes to offset the lost revenues. One such loophole [...]