A new Baltimore Sun column by UMBC’s Thomas F. Schaller, professor of political science, examines last week’s rejection of President Barack Obama’s proposal “to exchange a cut in corporate tax rates for an infrastructure-based jobs stimulus plan” by Congressional Republications.
Schaller suggest that this rejection was motivated in part by knowledge among GOP members of Congress that “corporate tax rates aren’t nearly as punitive for corporate America as they claim them to be.” Schaller notes that although President Obama suggests lowering the nominal corporate tax rate from 35% to 28%, the figure of more importance is the “effective” tax rate, which takes into account tax exemptions and write-offs. Read the full opinion column at The Baltimore Sun.
Tags: CAHSS, PoliticalScience
