I don't understand this administration! We have two years of endless demonizing of the free markets and a systematic implementation of centralized economic control. Then, out of nowhere we get this:
Is it just going through the motions to change the public appearance of the administration going into the 2012 elections? Get something started now and run on it in 2012 with the intent of dropping all plans once elected? Or perhaps he sees the current climate in congress and wants to put his ideas on the table? Or perhaps he just wants to keep the uncertainty going? Who the heck knows with this bunch!http://www.ft.com/cms/s/0/1dd55786-1f6a-11e0-87ca-00144feab49a.html#ixzz1BDxomcos
The Obama administration will take its first step on Friday towards a possible overhaul of the US corporate tax system, as senior Treasury officials meet top business executives to discuss lowering rates and removing tax breaks.
Tim Geithner, US Treasury secretary, will lead talks with a group of 18 chief financial officers â€" from ExxonMobil and Microsoft to Coca-Cola and Walt Disney â€" in the latest sign of gathering momentum behind corporate tax reform.