Here's What Obama Is Going To Say Tonight About Lowering The Corporate Tax Rate

Barack Obama, may 2010,

Photo: Flickr

The National Journal has a draft of tonight’s speech. We can’t be sure that it is exactly what he’ll say, but we’re guessing it’s close.On the closely-watched matter of the corporate tax rate…

Over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries. Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change.

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.

We’ll be covering the speech LIVE at 8:30.

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

barack obama home-us