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• Obama tax plan takes scalpel to oil tax breaks, boosts renewables Feb 22, 2012 - The Hill The Obama administration outlined a plan Wednesday to eliminate a slew of oil-and-gas industry tax breaks, while extending a key tax credit for renewable energy.
• Obama Plans To Cut Corporate Taxes, But How Much Do Companies Really Pay? Feb 22, 2012 - The New Republic Today, President Obama will propose cutting the corporate tax rate from 35 percent to 28 percent—a move that has reportedly been in the works for a couple of years, but which is also timed to increase the president’s reelection prospects. Business groups and Republicans frequently complain that the U.S. corporate tax rate is too high, but others say that the many loopholes and deductions in the tax code tend to keep the effective rate well below the statutory rate. How much do American corporations actually pay?
• Obama targets Republican contenders on taxes Feb 22, 2012 - The Examiner President Obama's campaign team on Tuesday blasted Republican presidential contenders Mitt Romney and Rick Santorum for promoting economic policies that the Obama campaign said were "unrealistic" and likely to add billions of dollars to the federal budget deficit.
• Obama wants to cut corporate tax rate to 28% as part of overhaul Feb 22, 2012 - Los Angeles Times President Obama wants to significantly lower the top corporate income tax rate to 28% as part of a broad overhaul that would raise an additional $250 billion from businesses over the next decade by eliminating many loopholes and other breaks, according to a senior administration official.
• Senate passes two-year extension on property tax deferral program Feb 21, 2012 - The Oregonian House Bill 4039 extends the tax program for some of the recipients for another two years. And it is a very, very important one." Sen.
• Accounting gimmick is big part of state House budget moves Feb 21, 2012 - The Seattle Times Chris Gregoire has said she wants more. The biggest moves in the budget are essentially accounting gimmicks. House Democrats propose delaying a June 2013 K-12 payment until July 2013, which puts the expenditure into the next two year budget cycle. For example, they propose allowing large counties to increase the local sales tax by one-tenth of a cent without voter approval.
• Tax Code Not Aligned With Basic Principles Feb 21, 2012 - New York Times It is clear that the rising inequality of wealth and income and how the wealthy should be taxed will be major issues in the political campaign.
• Higher gasoline prices could stall recovery, Obama's re-election Feb 20, 2012 - The Kansas City Star And they'll argue for focusing on alternatives to fossil fuels. "(Sen. A still-weak economy will reduce demand, some experts said, while the oil supply remains relatively high.
• Obama: Use taxes as a way of keeping jobs at home Feb 16, 2012 - Philly.com President Obama called Wednesday for tax cuts for American manufacturers and higher taxes for companies that move overseas, pressing what he hopes will be a winning campaign issue.
• Council votes to take tax refunds to pay debt Feb 15, 2012 - Chicago Tribune About 51 percent of the debt can be traced to addresses outside the city, the administration said. Ald.