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News Ticker from FNC

Thursday, February 23, 2012

Economic Education

Corporate Tax Reform
Presidential Style

• Reduce Corporate tax from 35% to 28%
• Eliminate dozens of deductions/loop-holes
• New Minimum tax on foreign earnings (to encourage job creation/investments in US)

They figure this will increase revenues by $250BILLION over the next 10 years ...

Romney wants a 25% cap
Santorum wants a 17.5% tax
Paul wants 15%
Gingrich wants 12.5%

It should be noted that they want addition items as well to go with it to raise the revenue while creating an environment that is conducive to job-growth

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