Thursday, February 23, 2012

Obama tax plan

  • and deleting loopholes is just what most economists prescribe for the tangled U.S. tax code.
  • (Minneapolis Star Tribune)
  • President Obamas plan to slash corporate tax rates from 35% to 28% and overhaul the business tax system is meeting its fair share of criticism after being unveiled yesterday.
  • (Yahoo Finance)
  • WASHINGTON -- Louisiana lawmakers are generally praising President Barack Obama for seeking lower corporate tax breaks, though most criticize his targeting of tax breaks for oil and gas companies to pay for the plan and contribute to deficit reduction.
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  • The Obama administration unveiled a new corporate-tax plan on Wednesday that could intensify the tax-reform debate in Washington but wont yield near-term reform.
  • (YAHOO!)
  • President Barack Obama's corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules.
  • (Bloomberg)
  • Former presidential candidate and Forbes magazine editor Steve Forbes tells Newsmax.TV that the Obama administration's plan to cut the corporate tax rate from 35 to 28 percent is really a "house of horrors.
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  • Feb. 22 (Bloomberg) -- The Obama administration called for reducing the corporate tax rate to 28 percent from 35 percent, eliminating tax breaks and changing core features of the tax code such as interest deductibility.
  • (Businessweek)
  • The Obama administration unveiled a plan Wednesday to cut the top corporate tax rate from 35 to 28 percent, along with putting in place specific changes to simplify the tax code and spur growth.
  • (US News and World Report)
  • WASHINGTON (Reuters) - The Obama administration on Wednesday proposed a plan to revamp the corporate tax system, slashing the top tax rate to 28 percent, while eliminating many tax loopholes that companies rely on to cut their taxes.
  • (Reuters)
  • WASHINGTON – President Obama rolled out a corporate tax overhaul plan Wednesday that lowers rates but also eliminates loopholes and subsidies cherished by the business world.
  • (Fort Wayne Journal Gazette)

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