|
Geithner: President Obama Seeks 28 Percent Corp. Tax Rate
The president says the current system is "not right and it needs to
change."
Reporter: Associated Press |
|
Font Size:
Wednesday, February 22, 2012
President Barack Obama says the current corporate tax system is outdated, unfair and inefficient. He is calling for an end to dozens of subsidies and loopholes that he says offer tax breaks to companies that move jobs and profits overseas.
The president says the current system is "not right and it needs to
change."
The Obama administration is proposing cutting corporate tax rates from 35 percent to 28 percent. That is still higher than the 25 percent rate sought by congressional Republicans.
President Obama said in a statement Wednesday that his framework lowers the corporate tax rate and broadens the tax base and will increase competitiveness for companies across the U.S.
More Stories
Twitter News Feed
| Offbeat News Headlines | |
Iowa Man With Zebra, Parrot In Truck Gets DUI
 0 Comments
An Iowa man stopped outside a Dubuque bar with a small zebra and a parrot in his truck has been charged with drunken driving. (Full Story) |
|
|
Woman Drops Bank Robbery Attempt Midway Through
0 Comments
A would-be bank robber apparently changed her mind midway through the crime, but police are still looking for her. (Full Story) |
|
|
Wanted: Bigfoot Hair Samples For European Study
0 Comments
European researchers say new techniques to analyze DNA could help crack the mystery of whether Bigfoot exists. (Full Story) |
|
|
City Official Consults Ouija Board Before Vote
0 Comments
A San Francisco supervisor says he consulted a Ouija board before city leaders voted on whether to recommend naming a Navy ship after slain gay rights activist Harvey Milk. (Full Story) |
|
|
Agent: 'OMG' Diet Book Subject Of 7-Figure Deal
0 Comments
The author of a self-published diet book that advocates skipping breakfast and taking cold baths has agreed to lucrative deals with British and U.S. publishers. (Full Story) |
|
|
Tons Of Pot Found Floating Off Southern California
4 Comments
A boater spotted 160 bales of pot around noon Sunday about 15 miles off the coast of Dana Point. (Full Story) |
|
| More Headlines | |
Extras
 |
Health Connect
Click here for health resources from local medical providers. |
 |
KAKE DVD Collection
Click here to order KAKE DVD's including "Honor Flight", "Santa's Workshop" and more. |
 |
First United Methodist Church
Click here to watch live Sunday services. |
