Top corporate tax rate, 28 percent; small biz capped at 40 percent.
In a speech delivered Tuesday afternoon, Obama did not explain why he
thinks it's a sound economic idea to raise the top marginal tax rate on
small businesses but lower it for corporations.
"Right now, our tax code is so riddled with wasteful loopholes that
many companies doing the right thing and investing in America pay 35%,
while the corporations with the best accountants stash their money
abroad and pay little or nothing at all," Obama said, according to the
text of his prepared remarks. "I’m willing to simplify our tax code in a
way that closes those loopholes, ends incentives to ship jobs overseas,
and lowers rates for businesses that create jobs right here in
America."
Ahh yes the party of the People, The party of safe Children, The party of "We care"
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