Tuesday, February 28, 2012

5 Key Facts About The Obama Administration’s Corporate Tax Overhaul

The Obama administration today is unveiling an overhaul of the corporate tax code, proposing to lower the top corporate income tax rate while eliminating a host of deductions and loopholes. The plan will be formally unveiled later today, but here are some of the important facts released already:
– The administration is proposing a top corporate income tax rate of 28 percent, lowered from its current 35 percent.

– The top tax rate for domestic manufacturers would be 25 percent.

Made in America - Obama for America 2012


Last Year, 54 Million Americans Received Free Preventive Services Thanks to Health Care Reform

Each day, more and more Americans are taking advantage of the new free preventive services provided through the health care law. People of all ages can now get the preventive services they need, like mammograms and the new Annual Wellness Visit, free of charge. With more people taking advantage of these benefits, more lives can be saved, and costly, and often burdensome, chronic diseases can be prevented or caught earlier.

Federal loan guarantees for energy projects have been successful, cost-effective investments

Take a deep breath, because what I’m about to tell you may be shocking: Federal loan guarantees for energy projects have been successful, cost-effective investments—contrary to what some conservatives insist is the case. Don’t take my word for it. That’s the message from Herb Allison, former national finance chairman for Sen. John McCain (R-AZ), who led a team of accountants and auditors in conducting an independent analysis of the Department of Energy’s Loan Guarantee Program.

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