Debt-reduction plan could usher in corporate tax changes

04/26/2011 | New York Times (tiered subscription model), The

The Obama administration is considering cutting the top corporate tax rate to 26% as part of a debt-reduction deal that would also close numerous loopholes. Analysts say the success of the strategy would depend on corporations' willingness to accept the overhaul for the good of the country. "The question is ... is it going to get held up because each business will decide whether they're a temporary winner or loser compared to the status quo?" said National Economic Council Director Gene Sperling.

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