Corporate Level Tax Cut In The Works?
House Democrats are apparently pushing for a corporate level tax cut that would reduce the corporate level tax rate from 35% to 30.5%, or even lower. See here. Last year, House Ways & Means Chair Charles Rangel proposed cuts in corporate tax rates in a simplification effort that would have taken away tax breaks available to corporations.
It remains to be seen how this will be received or interact with Obama administration tax proposals.
