Wednesday, April 27, 2011

Obama Wants to Lower Corporate Tax Rates

Back in January, Bloomberg reported President Barack Obama made a speech about lowering the corporate tax rate. The New York Times reports Treasury Sec. Tim Geithner is working on lowering the corporate tax rate from 35 percent to 26 percent.

Gene Sterling, director of the National Economic Council goes in full sellout mode.

"The question is, Is the business community going to support this because it's a win for the economy over all?" said Gene Sperling, director of Mr. Obama's National Economic Council. "Or, is it going to get held up because each business will decide whether they're a temporary winner or loser compared to the status quo?"

It is harder to see everyday how Obama is the lesser evil than the Republicans.

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