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U.S. Morning Call: Obama to propose cuts to corp. tax rate

Wednesday, February 22, 2012 - 02:12

Feb. 22 - President Obama will propose cutting the top corporate tax rate from 35 to 28 percent today as part of a tax reform plan, according to WSJ.

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Here's -- call for this Wednesday you may be able to kiss -- 35%. Corporate tax rate. Goodbye. The Wall Street Journal says President Obama will propose cutting corporate rate to 20% today as part of tax reform plan. The lower rate would be combined with the closing of dozens of popular options for businesses. The plan would also require US companies operating overseas to pay -- minimum tax rate on their -- earnings. Which would be up -- Republican presidential candidate Mitt Romney is expected to unveil his tax in the next few days. GM could be adding -- French taxed its European vehicles the auto makers discussed eat rotten manufacturing alliance with who ousted. The potential tie -- what how GM reduce losses in Europe where Opel unit has struggled. Sources say that two companies would share vehicles and parts GM and -- acknowledge they talk to others about partnerships. Not would not confirm they are talking to each other. Ford is boosting its pension contributions it's pouring three point eight billion dollars into its global pensions and here and will invest the assets more heavily in box. The plan cash injection is more than double the one point five billion dollars or contributed twenty Atlantic. The contribution and shift to bonds reflect -- pushed off that the challenges posed. I rock bottom interest rates market volatility and low expectations for investment returns. Merrill Lynch is also planning to making major cash contribution this year act and its pension but top tier -- The Bank of America unit has lots more lucrative bonus system one -- telling Reuters that helped me out catch up with bonuses offered rival UBS and -- He offers part 89 year commitment which lets brokers earn additional back and payments based meeting revenue. -- Stocks to watch today include Carmen which is up big time -- market -- GPS device -- just with a profit beat expectations also raised its guidance for this year. And -- taking on action in the premarket late Tuesday that computer maker cut its revenue guidance after -- -- profit that missed forecasts. That's morning called this Wednesday I'm John Rogers this is partisan --

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U.S. Morning Call: Obama to propose cuts to corp. tax rate

Wednesday, February 22, 2012 - 02:12