Obama, Congress Converging on Corporate Tax Code

Thursday, 06 Jan 2011 11:34 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama and Republicans in Congress are inching toward a consensus on the need to rewrite America's corporate tax code, the Wall Street Journal reports. Although neither party has the details worked out, congressional GOP leaders like the signals coming from the Democratic White House on what might prove to be an area of fruitful cooperation.

Tax reform,corporate tax-code overhaul,White House,President Barack Obama,House Republicans,Congress,cooperation,consensus,U.S. Chamber of Commerce,speech,repairing relationships,Wall Street Journal"Tax reform could be a significant boost to our competitiveness," House Majority Leader Eric Cantor of Virginia said. "I'm hopeful and expect the president to put some action behind his statements."

Tax-code simplification is one inducement the White House has put forward to soothe strained relations with the business community. President Obama plans to address the U.S. Chamber of Commerce at the group's Washington headquarters on Feb. 7, a first for him.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. Mark Udall: 'I Absolutely Stand By' Call for CIA's Brennan to Resign

Monday, 01 Sep 2014 21:58 PM

Central Intelligence Agency Director John Brennan may have avoided losing his job over charges that the CIA spied on Sen . . .

US Forces Carry Out Operation Against Al-Shabaab in Somalia

Monday, 01 Sep 2014 20:44 PM

U.S. military forces carried out an operation on Monday against al Shabaab militants in Somalia, a U.S. Department of De . . .

'Time' Mourns Dwindling Numbers of 'Social Justice' Nuns

Monday, 01 Sep 2014 20:39 PM

A Time magazine article bemoans the stark decline in the number of "social activist" women religious in the U.S. today,  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved