Obama’s Corporate Tax Proposal Raises Taxes On Wealthy Money Managers, Ends Corporate Accounting Boondoggle

Obama’s Corporate Tax Proposal Raises Taxes On Wealthy Money Managers, Ends Corporate Accounting Boondoggle: pEarlier, we noted the headline points from the Obama administration’s corporate tax reform, which aims to cut the corporate income tax rate from 35 percent to 28 percent, while doing away with a host of loopholes, credits, and deductions. It would lower the rate further, to 25 percent, for domestic manufacturers, while raising about $250 [...]/p