Thursday, February 23, 2012

Obama's Corporate Tax Cut

The Plan Is A Corporate Tax Increase

Barack Obama has a grand new corporate tax plan. He's calling for a reduction in corporate tax rates. But there’s a gigantic catch here. The corporations eligible for the tax break will be narrowly defined. They will be corporations who opt for higher domestic labor costs; corporations that forego sound business practices for the sake of satisfying political demands. As for corporations who dare to operate and earn money overseas? These corporations will be hit with higher taxes on earnings … even though those earnings remain overseas to work in more favorable business environments...more...

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