Obama: Cut corporate tax rate to 28% – but ensure they pay more than before

I guess this is the political game. Reach out and let everyone know you’re going to lower the corporate tax rate from 35 percent to 28 percent, but then close all the “loopholes” – in other words eliminate deductions for many expenses – to ensure the overall tax burden of corporations goes up.

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Are corporate taxes too high?

A very unlikely Democrat believes they are. But, as with most things in politics, you need to dig a bit further to find the hidden agenda. Read more