AP source: Obama seeks 28 percent corp. tax rate

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  • Pagan Salt Lake City, UT
    Feb. 22, 2012 8:34 a.m.

    What Obama fails to get through his ecoomically thick head is the US already has some of the highest corporation taxes in the world... - Mountanman | 7:35 a.m. Feb. 22, 2012


    ** Tax bills in 2009 at lowest level since 1950' - By Dennis Cauchon - USA Today - 05/02/2010

    Highest taxes in the world...?

    ** Hatch, Republicans challenge tax cut expiration' - By Becky Bruce - Deseret News - 12/01/10

    WASHINGTON, D.C. Republicans in the U.S. Senate are drawing a line in the virtual sand, vowing to keep all legislation off the Senate floor unless Congress extends the Bush-era tax cuts... - Article

    America has been PAYING for the Bush tax cuts, since 2001.

    Show me the benifit...


    It is time to END this pandering to the wealthy, and put our COUNTRY, before political party.

  • JoeBlow Miami Area, Fl
    Feb. 22, 2012 8:28 a.m.

    Mountanman, Did you read the article?

    If so, how do you conclude that Obama espouses "increasing taxes on them"

    A couple of points that you must have missed.

    "But deductions, credits and exemptions allow many corporations to pay taxes at a much lower rate."

    "House Republican proposal that would lower the corporate rate to 25 percent."

    "cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers"

    Many people pick and choose the data they cite.

    People want to compare our corp tax rate to other countries, and say it is higher.
    Yet they ignore that many of those countries have a HIGHER individual tax rate.

    Our individual tax rates are at historical lows and our spending is at historic highs.
    Yet, those on the right only want to address one side of the equation.

    A prudent solution would be to adjust both of these.

    Why is that so difficult for many to grasp?

    Your argument is typical of those on the right.

    Taxes are lower today than they were under GW Bush. Yet all we hear from the right is how our taxes are so high.

    You put forth a false premise and then argue against it. Can you say STRAWMAN?

  • Mountanman Hayden, ID
    Feb. 22, 2012 7:35 a.m.

    What Obama fails to get through his ecoomically thick head is the US already has some of the highest corporation taxes in the world and increasing taxes on them will just send more jobs overseas, close businesses and make ourselves more uncometitive to forgeign competition and there goes the tax base!It like eating our seed corn for our future sruvival! Unemployment,inflation and a smaller tax base are always comenserate to higher taxes of any kind. Another reality Obama and his supporters refuse to accept is no matter how much taxes the government collects, it will NEVER be enough to fund their entitlment socieity and they will still have to borrow trillions until the government will default trying to pay interest on our debt. We MUST cut spending,not raise taxes! This next election is the last exit off the Obama highway to Greece!

  • JoeBlow Miami Area, Fl
    Feb. 22, 2012 6:57 a.m.

    Reducing the Corp tax rate has been a goal of the GOP. And they have publicly supported closing loop holes.

    And now Obama is proposing both.

    Rest assured that there will be GOP rebellion and outcry over this.

    Proving again, that it is more about opposing anything Obama, than it is about affecting policy.