Wednesday, February 24, 2010

Tax reform, lowering corp tax rate from 35 to 24% - good!

The first comprehensive bipartisan tax reform bill since the Reagan era has been introduced in the Senate. It is being toted as a "jobs bill." Senator Ron Wyden (a Democrat from Oregon) and Senator Judd Gregg (a Republican from New Hampshire) want to streamline the tax code by cutting the number of income tax brackets in half and lower the corporate tax rate from 35% to 24%.

Finally! Let's hope it passes.


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