Quote:
Originally Posted by MarchHare
This is factually inaccurate. Obama actually proposed to do exactly what you're suggesting (lower the corporate tax rate but offset the lost income by closing loopholes) earlier this year. His plan was, of course, rejected by the Republicans.
http://www.reuters.com/article/2011/...70P1GX20110126 |
I actually applauded his plan.
But, I was referring to his campaign earlier, when the '$250,000' number was thrown around a lot.
He never really brought up closing the loopholes while he was running for President, IIRC. And it should have been a major sticking point.
The majority of the people in the US don't seem to understand how the system even works.