Funny how conservative Obama tries to be during election year:
Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012
Obama is admitting that conservatives are right, lower taxes is better for the economy.
Obama corporate taxes: He would slash 'dozens' of tax breaks - Feb. 22, 2012
The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.
The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.
There are also many other differences between their plans, and with Congress stuck in election-year gridlock, the odds of passage of any corporate tax reform plan this year are long.
Obama is admitting that conservatives are right, lower taxes is better for the economy.