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Obama Offers to Cut Corporate Tax Rate to 28%
ny slimes ^ | 2/22/2012 | Jackie Calmes

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 ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: corporatetaxrate; dividendtax; liar; obamaraisestaxes; taxes
Suddenly the clown wants to cut taxes? Sure.
1 posted on 02/22/2012 3:07:40 AM PST by SoFloFreeper
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To: SoFloFreeper

shows obama as a crony. He’s give tax cuts to Warren Buffet since he pay corporate taxes, but increase individual income taxes which he pay very little so any increase here won’t effect him


2 posted on 02/22/2012 3:12:23 AM PST by 4rcane
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To: SoFloFreeper

Chief Big Ears speak with forked tongue.


3 posted on 02/22/2012 3:12:23 AM PST by FormerACLUmember
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To: SoFloFreeper

Chief Big Ears speak with forked tongue.


4 posted on 02/22/2012 3:12:23 AM PST by FormerACLUmember
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To: SoFloFreeper

shows obama as a crony. He’s give tax cuts to Warren Buffet since he pay corporate taxes, but increase individual income taxes which he pay very little so any increase here won’t effect him


5 posted on 02/22/2012 3:13:20 AM PST by 4rcane
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To: SoFloFreeper

Chief Big Ears speak with forked tongue.


6 posted on 02/22/2012 3:13:28 AM PST by FormerACLUmember
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To: SoFloFreeper

Isn’t he a little slow on this? The rate SHOULD have been offered back in 2009, when first he came into office.

Oh, right. It’s an election year. But where was he in the fall of 2010?

Well, yeah. Reality had not yet taken the undivided support of the House of Representatives away from him.

Incumbency only works in your favor if you have been doing something positive all along.


7 posted on 02/22/2012 3:16:01 AM PST by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
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To: SoFloFreeper

There were never any new ideas about improving the economy, Democrats could have done this long ago, 2008.


8 posted on 02/22/2012 3:05:17 AM PST by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Son House

You can change this to any rate you want....but within twelve months...various companies will approach their favorite Senator....to write tax code to give them new and fresh tax credits. So unless you want to vote on a standard tax rate for everyone (citizen and company), with no tax credits (a plain flat rate), then it’s all a big waste of time.


9 posted on 02/22/2012 3:10:36 AM PST by pepsionice
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To: SoFloFreeper
The concept of "tax cuts" seems to echo loudly through this proposal.

The way I see it, this isn't really about tax cuts at all. Oh, they are there, but that's not what this is about. This is just ramping up the fascism. Loopholes will disappear -- that means taxes go up. Subsidies disappear -- that means corp prices need to go up. Certain businesses will get "preferences" which will likely bankrupt their competition who don't get the "preferences". And the lucky companies will owe the government bigtime for that 25% tax rate.

Fascist economics is when the government helps the corporations as long as the corporations help the government. Corps that do not actively support the government get punished by the government.

Obama talks tax cuts, but he means more fascism.

10 posted on 02/22/2012 3:15:10 AM PST by ClearCase_guy ("And the public gets what the public wants" -- The Jam)
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To: SoFloFreeper
The concept of "tax cuts" seems to echo loudly through this proposal.

The way I see it, this isn't really about tax cuts at all. Oh, they are there, but that's not what this is about. This is just ramping up the fascism. Loopholes will disappear -- that means taxes go up. Subsidies disappear -- that means corp prices need to go up. Certain businesses will get "preferences" which will likely bankrupt their competition who don't get the "preferences". And the lucky companies will owe the government bigtime for that 25% tax rate.

Fascist economics is when the government helps the corporations as long as the corporations help the government. Corps that do not actively support the government get punished by the government.

Obama talks tax cuts, but he means more fascism.

11 posted on 02/22/2012 3:16:52 AM PST by ClearCase_guy ("And the public gets what the public wants" -- The Jam)
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To: SoFloFreeper

Wait. I thought the economy was all Bush’s fault because of those crazy Bush tax cuts. Obama is now proposing to go back to Bush’s economy?

Another ready-made Republican campaign commercial that will never see the light of day.


12 posted on 02/22/2012 3:24:25 AM PST by Big Giant Head
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To: SoFloFreeper
He needs to get that unemployment rate below 8% then after he is reelected he can tax like hell.

No matter how much his evil henchmen cook the job statistics it ain't enough—he is THAT lousy a president.

13 posted on 02/22/2012 3:25:36 AM PST by Happy Rain ("Better add another wing to The White House cause the Santorum clan is coming.")
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To: SoFloFreeper

Wait. I thought the economy was all Bush’s fault because of those crazy Bush tax cuts. Obama is now proposing to go back to Bush’s economy?

Another ready-made Republican campaign commercial that will never see the light of day.


14 posted on 02/22/2012 3:25:54 AM PST by Big Giant Head
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To: SoFloFreeper
He needs to get that unemployment rate below 8% then after he is reelected he can tax like hell.

No matter how much his evil henchmen cook the job statistics it ain't enough—he is THAT lousy a president.

15 posted on 02/22/2012 3:27:22 AM PST by Happy Rain ("Better add another wing to The White House cause the Santorum clan is coming.")
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To: SoFloFreeper

Panic setting in as the happy talk about 8.3 % unemployment sinks in the mud on the upcoming 9+%.


16 posted on 02/22/2012 3:34:01 AM PST by gusopol3
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To: SoFloFreeper

You LIE, Kenyan slime!!


17 posted on 02/22/2012 3:42:31 AM PST by Flintlock (Photo ID for ALL VOTING. Let our dead rest in peace.)
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To: SoFloFreeper

You LIE, Kenyan slime!!


18 posted on 02/22/2012 3:43:15 AM PST by Flintlock (Photo ID for ALL VOTING. Let our dead rest in peace.)
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To: SoFloFreeper

Just heard from Stewart Varney on FOX that there is a catch to this.

Unfortunately, I missed his explanation.


19 posted on 02/22/2012 3:44:24 AM PST by dforest
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To: SoFloFreeper
Ok. The GOP controlled House should pass it immediately with no strings attached and send it to the Senate.
20 posted on 02/22/2012 3:44:34 AM PST by tobyhill
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To: dforest
Obozo to tax all sales from american companies overseas - even those monies that have not "returned" to US territory.

This is a huge tax increase. A GLOBAL TAX. sheesh

21 posted on 02/22/2012 3:51:00 AM PST by corkoman (Release the Palin!)
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To: corkoman

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.


22 posted on 02/22/2012 3:58:31 AM PST by dforest
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To: SoFloFreeper

“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.


23 posted on 02/22/2012 4:04:26 AM PST by kearnyirish2
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To: kearnyirish2
"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.

24 posted on 02/22/2012 4:22:17 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: SoFloFreeper

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.


25 posted on 02/22/2012 4:33:58 AM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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26 posted on 02/22/2012 4:41:21 AM PST by deoetdoctrinae (Gun-free zones are playgrounds for felons)
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To: kearnyirish2

“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.


27 posted on 02/22/2012 5:16:55 AM PST by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: Wurlitzer

“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.


28 posted on 02/22/2012 1:50:36 PM PST by kearnyirish2
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