Obama Unveils Corporate Tax Reform, Sets Trap For Republicans

 

 

 

 

 

 

 

 

 

 

The Obama Administration announced Wednesday that it would lower the corporate tax ratefrom 35 percent to 28 percent in exchange for manufacturing incentives and closed loopholes. The move is expected to raise $250 million over 10 years and relocate jobs back to the United States. It’s also a complicated political maneuver, as Obama is attempting to usurp the job-creator narrative while forcing Republicans to defend profitable but unpopular segments of the corporate world…Read More

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