Former presidential candidate and Forbes magazine editor Steve Forbes tells Newsmax.TV that the Obama administration’s plan to cut the corporate tax rate from 35 to 28 percent is really a “house of horrors.”
While the plan outlined today by Treasury Secretary Timothy Geithner would seek an even lower effective rate for manufacturers, the overall plan represents a “not-so-stealth tax increase” that will do more harm than good, according to Forbes, speaking in an exclusive interview on Wednesday.
Story continues below video. http://www.newsmax.com/Newsfront/forbes-obama-tax-corporate/2012/02/22/id/430252
While the plan outlined today by Treasury Secretary Timothy Geithner would seek an even lower effective rate for manufacturers, the overall plan represents a “not-so-stealth tax increase” that will do more harm than good, according to Forbes, speaking in an exclusive interview on Wednesday.
Story continues below video. http://www.newsmax.com/Newsfront/forbes-obama-tax-corporate/2012/02/22/id/430252
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