October 12, 2014

THE ISSUE IS...:

Believe It or Not, Corporate Tax Reform Is Doable in 2015 (GENE SPERLING, Oct. 8, 2014, WSJ)

Contrary to perception, there is not that wide of a gap between the Obama White House and key Republicans in Congress. The president has called for lowering tax rates from 35% to 28% for corporations and 25% for manufacturers. Republicans have called for a straight 25% tax rate.

But the choice between 28% and 25% is less of an ideological issue than a question of how deeply Congress is willing to cut tax expenditures. 

...why does either party oppose profits?

Posted by at October 12, 2014 10:37 AM
  

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