Tuesday, July 30, 2013

Obama: Top Tax Rate Should Be 28% for Corporations, 40% for Small Business

The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). - John McCormack/Weekly Standard

Obama's push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.

Obama Offers to Cut Corporate Tax Rate as Part of Jobs Deal - New York Times

Paul Ryan: Obama's 'grand bargain' for Big Business - Psul Ryan/USA Today

President's pitch to cut corporate tax rates leaves families and small businesses behind.