Bill Clinton Wants a Lower Corporate Tax Rate
“We’ve got an uncompetitive rate,” Clinton told a crowd at the Aspen Ideas Festival on Saturday.
“We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay.” [HP]
George W. Bush Would Prefer if the Bush Tax Cuts Were Called Something Other Than the Bush Tax Cuts
As far as the policy is concerned, W is obviously cool with it but if the name could get tweaked (hint being: drop the “Bush”) maybe getting it through Congress wouldn’t such a BFD.
[via BI]