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08 Feb 2011 14:30

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Politics: Barack Obama makes his tax pitch to the business community

  • Another barrier government can remove is a burdensome corporate tax code with one of the highest rates in the world.
  • President Barack Obama • Speaking to the Chamber of Commerce, the President reiterated his State Of The Union pledge to cut the corporate tax rate. This plan writ large may not cause too much angst to his liberal supporters, provided that the reciprocal promise he made, eliminating loopholes in said corporate tax code, also sees some motion. Chamber of Commerce head Thomas Donahue called it  “a good change in tone.” source