Clinton Tells Obama He Should Accept ‘Mini Deal’, Lower Corporate Tax Rate
President Barack Obama has been criticized by many people for his handling of the debt-ceiling debate, but now he is being tweaked by a fellow Democrat: former President Bill Clinton.
While Clinton told Obama to hold firm during the talks, he also told him that he should accept a “mini deal” to avoid a financial catastrophe, reports Fox News.
In addition, the former President told Obama that the corporate rate was too high and that it should be lowered, reports POLITICO.
“When I was president, we raised the corporate income-tax rates on corporations that made over $10 million (a year),” Clinton said at the Aspen Ideas Festival, reports the news source. “It made sense when I did it. It doesn’t make sense anymore — we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a fair amount, and there’s not so much variance in what the corporations pay.”
Special To Personal Liberty You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to email@example.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.
Join the Discussion:
View Comments to “Clinton Tells Obama He Should Accept ‘Mini Deal’, Lower Corporate Tax Rate”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at firstname.lastname@example.org