Obama Says Election-Related Thing About Corporate Tax Rate He Doesn't Mean

Posted by

Can you imagine the machinations Obama’s inner circle of advisors had to go through to get him to agree to this?  Not that he has any intention of actually following through – everything out of the White House from here on in is purely election-related…

From the New York Times:

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.

Mr. Obama also would establish a minimum tax on multinational corporations’ foreign earnings, the official said, to discourage “accounting games to shift profits abroad” or actual relocation of production overseas.

Yeah right.  Don’t hold your breath for this one.

Source:

Obama Offers to Cut Corporate Tax Rate to 28% (NYT)

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. immediate edge scam commented on Sep 28

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  2. bitcoin evolution review commented on Oct 02

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  3. Mossberg Firearms for Sale commented on Oct 14

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  4. have gun – will travel commented on Oct 29

    … [Trackback]

    […] Here you can find 36972 more Information on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  6. Harold Jahn Alberta commented on Nov 27

    … [Trackback]

    […] Here you can find 49373 additional Information to that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  7. tangerine banque sign-in commented on Nov 29

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  8. cibc login online commented on Dec 04

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  9. 안전공원 commented on Dec 10

    … [Trackback]

    […] There you can find 83959 additional Info to that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  10. Tree Service Licensed commented on Dec 12

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  11. 17.digital marketing agency in Canada commented on Dec 15

    … [Trackback]

    […] There you can find 82720 more Info on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  12. Regression testing commented on Dec 18

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  13. Functional testing solutions commented on Dec 19

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

  14. rolex replica commented on Jan 16

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/02/22/obama-says-election-related-thing-about-corporate-tax-rate-he-doesnt-mean/ […]

HowIInvestMyMoney