Obama will swap no loopholes for a lower corporate rate

Obama Offers to Cut Corporate Tax Rate to 28% - NYTimes.com: "WASHINGTON — President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday."

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Let the GOP put that in their pipe and smoke it. What's a poor Mitt to do?

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