TYT: Obama Proposing Lower Corporate Tax Rates

[The Northerner]

President Obama's economic team has released a bold new economic proposal. Cenk Uygur discusses the reality of our corporate tax system. Tell us in the comment section below if you agree with President Obama's corporate tax rate proposal.

[JDPriestly]

1. But if the corporations don't pay taxes anyway, what difference

does it make?

Timothy Geithner needs to go.

[W T F]

2. They don't pay taxes because of the tax loopholes that this bill closes, this bill will.......

Actually raises taxes on corporations. Although the corporate tax rate is at 35% after they take advantage of the tax loopholes, they pay zero. this bill takes away the loopholes and puts there tax rate at 28% and no loopholes.

[ihavenobias]

3. Are you confident the loopholes won't come back?

Because I'm not. I am, however, confident that the corporate tax rate will never again be raised. I think eventually we'll have the lower rate WITH the loopholes.

[Enrique]

4. not even Obama is claiming that

sorry for being blunt, but you simply made that up.

[JDPriestly]

5. I agree that the tax loopholes will be back.

We should focus on getting unlimited corporate money out of elections.