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Obama's corporate tax revamp plan seen as unlikely to go far
Reuters ^ | July 30, 2013 | by Ransdell Pierson

Posted on 07/30/2013 7:41:44 PM PDT by Oldeconomybuyer

(Reuters) - President Barack Obama's bid to slash corporate taxes on its face might seem to be a concession to win Republican and business support, but it landed with a thud among those groups and has little chance of becoming law.

Some in Washington said the plan was most likely White House positioning designed to contrast the president's compromising spirit with Republican stubbornness ahead of partisan fiscal fights expected after Labor Day.

"It's clever politics. Obama can say he favors tax reform and creating infrastructure jobs, all in one package," said Greg Valliere, who advises investors at Potomac Research in Washington. "This is all about putting Republicans on the defensive, making them look obstructionist."

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: carbontax; energy; failure; kenyanbornmuzzie; obamanomics; obamarecession; obamataxhikes; opec
"Republican stubbornness". I wish.
1 posted on 07/30/2013 7:41:44 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

that was word on the Radio news report today.

“Republicans are going to hold out for tax cuts for the richest Americans”


2 posted on 07/30/2013 7:49:04 PM PDT by digger48
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To: Oldeconomybuyer

Impeachment File on Benghazi Coward “B. Hussein Obama,” formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.


3 posted on 07/30/2013 8:13:47 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: Oldeconomybuyer

Impeachment File on Benghazi Coward “B. Hussein Obama,” formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.


4 posted on 07/30/2013 8:13:47 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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