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Forum Post: Obama Wants to Cut Corporate Tax

Posted 9 years ago on Feb. 22, 2012, 10:19 a.m. EST by darrenlobo (204)
This content is user submitted and not an official statement

“The Obama administration on Wednesday will propose cutting the top tax rate for corporations to 28 percent, and pay for it by eliminating dozens of tax loopholes companies now use to lower their rates, a senior administration official said.” (Reuters)

No one really knows precisely who pays this tax.

FEE Timely Classic “Who Bears the Tax Burden?” by Todd S. Hultman

http://www.thefreemanonline.org/in-brief/obama-wants-to-cut-corporate-tax/

2 Comments

2 Comments


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[-] 1 points by SparkyJP (1646) from Westminster, MD 9 years ago

If it's revenue neutral .............. what's the point?

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[-] 0 points by JPB950 (2254) 9 years ago

It's a little more complex then what you get from your link, he also wants to raise the tax on dividends.

http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories