Obama Corporate Tax Reform a Sugar-Coated, Harmful Tax Hike

With his corporate tax reform “framework,” President Obama today added another element to his ultimately harmful economic agenda. Previously announced anti-growth policies include massive budget deficits, a huge tax hike on individuals and small businesses in 2013, and his proposal to nearly triple the dividend tax rate. His new proposal starts strong by reducing the federal corporate income tax rate to 28 percent from the current 35 percent. This is a good and long-overdue policy change. Regrettably, he marries rate reduction to a net corporate tax hike based in part … More

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