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May 5, 2011

Obama Admin to Propose Lower Corporate Tax Rate 
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The Obama administration is reportedly preparing to seek a major
reduction in the corporate tax rate. According to Politico, U.S.
Treasury Secretary Timothy Geithner will issue a proposal to lower the
top corporate tax rate from the current 35 percent to as low as 26
percent. An administration official said the proposal "would send a
reassuring signal to the economy, and is something both parties should
support in theory." A business lobbyist called corporate tax reform "the
easiest piece" of Congressional negotiations on the economy "because you
have people in both parties in the business community."



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