The President opens negotiations with himself to cut business taxes

[pscot]

http://www.marketwatch.com/story/white-house-weighing-corporate-tax-cuts-geithner-2011-01-12?dist=afterbell

After a speech on U.S.-China relations, Geithner made clear the Obama administration is looking to cut some sort of deal on taxes.

.......

“As the president has said before, we are going to take a look at whether we can find political support for a reform of the corporate tax code that would lower rates by broadening the base but not lose revenue on net,” he said.

Corporate taxes may be addressed in President Barack Obama’s State of the Union on Jan. 25. The head of the U.S. Chamber of Commerce on Tuesday advocated a lowering of the corporate tax rate, and Obama himself has previously indicated support for lowering the 35% tax rate. See Political Watch blog on Donohue's comments.

But the White House also makes the point that in return for dropping the tax rate that every company pays, they would want to get rid of various loopholes and deductions.

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Nobody could have foreseen this.

[stray cat]

1. Are you sure it will not create jobs?

[DCKit]

3. Most don't pay any taxes now, and we've been hemmoraging jobs for ten years.

Or was that a rhetorical question?

[FiveGoodMen]

2. !

:puke: :puke: :puke: :puke: :puke:

(but not surprised)

AlmostABO

[katnapped]

4. So this can only mean

Those of us on the bottom will have to get screwed over again to make up for it