House plans tax code with 25% corporate income tax rate

04/13/2012 | New York Times (tiered subscription model), The

Lawmakers in the U.S. House are getting to work to overhaul the tax code before next year, when the 2001 and 2003 tax cuts will expire. A budget plan passed in the House last month seeks two personal tax rates -- one at 25% and the other at 10% -- along with a 25% corporate income tax rate.

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New York Times (tiered subscription model), The

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