[Funny, 0bama doesn't seem to remember that it was he, in 2012, that promised to reduce the corporate business tax from 35% (highest in the world) to something competitive with other industrial nations.]
[SO WHAT HAPPENED, WHY HAVEN'T THEY ACTED? Probably because he was LYING when he made that promise in 2012, simply because Romney made the same promise. Romney would have acted. 0bama has not.]
Forbes - 1 hour ago
Yesterday, during a Press Conference after the U.S.-Africa Leaders Summit in Washington, D.C., President Barack Obama announced who was to blame for the corporate tax inversion trend: accountants.
[REMEMBER THIS?] Feb 22, 2012 - President Obama proposed a major overhaul of the nation's corporate tax code on Wednesday, an election-year gambit that aims to draw a contrast over a key policy issue with the Republicans vying to replace him.
The plan would lower the nation's corporate tax rate to 28 percent. At the same time, Obama wants to boost overall revenue from corporate taxation by banning numerous deductions and loopholes that save companies tens of billions of dollars a year on their tax bills.
The current U.S. corporate tax rate of 35 percent is one of the highest in the world.
Despite some disagreements, Republicans and Democrats have shown support for a tax strategy that reduces rates across the board while eliminating special-interest loopholes.