Politics

Former Obama Adviser Says Corporations Should Get a Tax Break

Might help

|

BERKELEY – US President Barack Obama has called for additional revenue as part of a balanced plan to reduce future budget deficits. But he is also proposing a significant cut in the corporate tax rate. To many, this approach seems inconsistent: Shouldn't the corporate tax rate be raised, not lowered, so that corporations contribute their "fair share" to deficit reduction? The answer is no.