Obama Laments 'Screwy' Tax Code

Thursday, 07 Apr 2011 01:29 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama has admitted that the U.S. tax code is something of a mess, the Washington Wire blog of the Wall Street Journal reports. The president called the current tax system “kind of screwy” on Wednesday at a town hall in Pennsylvania.

Obama, tax code, screwy, lamentsTalking up a proposal to revamp business taxes, Obama said he wants to “lower the rate for corporations,” which is one of the highest in the world, “but eliminate a bunch of the loopholes so that everybody is paying the same and it’s fair.”

Corporate taxes have become a hot-button issue since revelations that General Electric paid no federal federal income taxes in 2010 and even got a refund. GE has said it expects its tax bill to be higher in 2011.

© 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:
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

New York City Says Hospital Testing Doctor With Ebola-like Symptoms

Thursday, 23 Oct 2014 15:46 PM

A New York City hospital is running Ebola tests on a doctor who returned to the United States from West Africa with a fe . . .

Chris Christie: I Will Not Stoke Ebola 'Hysteria'

Thursday, 23 Oct 2014 15:11 PM

During a Wednesday discussion of state preparedness procedures, New Jersey Gov. Chris Christie said his administration w . . .

W. African Travelers in US Told to Self-Monitor for Ebola

Thursday, 23 Oct 2014 14:11 PM

Responding to increasing pressure from the public and Congress, the Centers for Disease Control and Obama administration . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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