Obama Tax Reform Outline Draws Skeptics

Treasury Secretary Timothy Geithner today outlined President Obama's plan to overhaul business taxes, including the elimination of dozens of loopholes and a reduction in the corporate tax rate to 28 percent, which some critics say is not low enough. The proposals also include a minimum tax on foreign earnings, although he provided no details. "We want to restore a system in which American businesses succeed or fail based on the products they make and the services they provide, not on the...Full Story
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