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Re: Most GOP Presidential Candidates Would Increase the Deficit

By: clo in POPE | Recommend this post (0)
Sun, 26 Feb 12 7:34 PM | 71 view(s)
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Msg. 52061 of 65535
(This msg. is a reply to 52058 by DGpeddler)
Jump:

DG,

Maybe you missed it, Obama wants to lower corporate taxes. The republicans are expected, (as usual) to oppose this...

The Obama administration will propose today reducing the U.S. corporate tax rate to 28 percent from 35 percent along with removing tax breaks for companies to help offset lost revenue, an administration official said.

The plan would eliminate dozens of tax breaks and reshape the current manufacturing deduction to reduce the tax rate on manufacturing to 25 percent, according to the official, who outlined the proposal on condition of anonymity because it hadnâ€™t been released. The restructured tax code would still include incentives for research and development and renewable energy.

more:
http://www.bloomberg.com/news/2012-02-22/obama-to-ask-congress-to-lower-corporate-tax-rate-to-28-remove-loopholes.html

DO SOMETHING!

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The above is a reply to the following message:

Re: Most GOP Presidential Candidates Would Increase the Deficit By: DGpeddler in POPE Sun, 26 Feb 12 7:29 PM	Msg. 52058 of 65535
clo, why are companies moving jobs overseas where the taxes are far less? Are companies in business to support the government or to make money? If more jobs were created in America by lowering taxes, would that increase welfare roles?

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