Liberty Alerts, Christopher Goins, CNSNews.com
President Barack Obama discussed cutting the corporate tax rate in his State of the Union address, and a new Cato Institute study suggests that implementing such a cut, specifically down to a 10 percent rate, would spur economic growth and create real jobs.
In his Jan. 25 speech before Congress, Obama said, “So tonight, I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years – without adding to our deficit. It can be done.”
Used with the permission of CNSNews.com.