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Magnolia Tribune

This article was produced by Magnolia Tribune staff.
News  |  Magnolia Tribune  • 
July 31, 2013

The Grand Bargain? — 40% tax on small businesses

Obama: Top Tax Rate Should Be 28% for Corporations, 40% for Small Business The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama’s push to lower the corporate tax rate to 28 percent comes…