Wednesday, February 29, 2012

Do Corporations Need A Tax Cut?

Robert Reich shows that corporations don't need a tax cut and that their share of the tax burden has fallen dramatically over the years. When the corporate share of the tax burden falls, it means that the burden shifts elsewhere, but that does not seem to bother many people. Reich believes that Obama's plan to reduce the corporate tax rate and close some of the loopholes is a missed opportunity. He argues that Obama lost a chance to draw a bright line between his priorities and those of the GOP. On the other hand, it also took away one of the GOP talking points about Obama as an anti-business president.

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