Will Obama Offer Massive Corporate Tax Cuts to Make “Fiscal Cliff” Deal?


The Real News Network has the interview Will Obama Offer Massive Corporate Tax Cuts to Make “Fiscal Cliff” Deal?

But the offshoring of all activities in addition to intellectual property would be—manufacturing, sales, marketing—that would really make a big hole in the U.S. tax system, especially for small business, which can’t take advantage of these international games.

So if you are worried about small business, maybe you should be less concerned about regulation and more concerned about huge tax breaks for big business that gives them an unfair tax advantage.

The bottom line is the Obama administration has been very, I would say, disappointing on this particular front, the corporate income taxation. They seem to be on the brink of giving away the store.

It seems that there is no end to the number of scams to screw the middle-class. The negotiation on the Fiscal Bump is all about finding one that the middle-class won’t detect.

In the interview there is mention of the movie We’re Not Broke.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.