Tuesday, February 14, 2012
Geithner says Obama's plan will axe dozens of corporate tax breaks
US Treasury Secretary Tim Geithner today said the Obama Administration's plan to revamp the corporate tax system will cut "dozens and dozens" of tax breaks enjoyed by business, while keeping a limited number that focus on keeping jobs in the United States.
Geithner spoke at the Senate Finance Committee a day after Obama proposed a $3.8 trillion budget plan, including aggressive cuts to corporate tax benefits and steeper taxes on the wealthy.
Geithner spoke at the Senate Finance Committee a day after Obama proposed a $3.8 trillion budget plan, including aggressive cuts to corporate tax benefits and steeper taxes on the wealthy.
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