Feb 01

Obama to propose foreign profits tax to fund public works

President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials…

States lower their corporate tax rates to attract new businesses. But who actually sees the economic benefits of lower corporate tax rates -- the firm owners and their shareholders, the workers or the land owners in that state? A new…

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