President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.

via www.huffingtonpost.com

Obama Offers to Cut Corporate Tax Rate to 28% Republicans and business groups complain that the 35 percent corporate tax rate is among the highest in the world, leaving American companies at a disadvantage.

via www.nytimes.com