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Posted on 02/22/2012 3:07:35 AM PST by SoFloFreeper
President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.
(Excerpt) Read more at mobile.nytimes.com ...
This is a huge tax increase. A GLOBAL TAX. sheesh
So that is what Varney said. We should have known.
All Obama will say is that he lowered corporate taxes.
His idea is to say the GOP doesn’t want to lower corporate taxes.
Obama has to go asap.
“Suddenly the clown wants to cut taxes? Sure.”
The next few months should be interesting; after his bizarre slam at religious freedoms, I think somebody has finally told our Affirmative Action Pseudo-President that because of inflation and unemployment, his chances of re-election went from 2% to 1% (regardless of his opponent).
I’ve felt throughout his whole term that Obama had no interest in re-election; he certainly acted that way. His media will have to work real magic to give him any chance at all; I don’t see how he even carries Illinois.
Great minds think alike. It will be a Jimmah Kartah Re-do.
Landslide of epic proportions.
This was being discussed on Squawk Box (CNBC) a few minutes ago. Joe Kernan (the real Morning Joe) said Obama didn’t go far enough and that Republican candidates were proposing 15% and even 12.5% corporate rates. Becky Quick chimed in, “Mitt Romney is proposing 25%.” Joe immediately replied, “I said Republicans.” I darn near spilt my coffee. Joe Kernan is great.
“His media will have to work real magic to give him any chance at all; I don’t see how he even carries Illinois.”
You have that right. Based upon the very few posters on this thread who have posted the rise in taxes in this proposal for oversea’s operations it would appear the media has already done its job protecting this vile POS in the WH.
If only a few Freepers heard the “Rest of the Story” imagine how little the slack jawed, knuckle dragging, open mouth droolers on the left understand what our ineffective community organizer is doing.
“imagine how little the slack jawed, knuckle dragging, open mouth droolers on the left understand what our ineffective community organizer is doing.”
Obama’s problem is that the left buys gas & groceries, too; it is impossible to hide what has happened in the devaluation of the dollar.
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