Obama Open to Lowering Corporate Tax Rate - CNBC

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Obama Open to Lowering Corporate Tax Rate - CNBC: "Barack Obama signalled he was open to lowering the US corporate tax rate from its level of 35 per cent, amid speculation that the administration could seek broad-based reform of the tax code as early as next year.

At a meeting of his economic recovery advisory board on Monday, the president said: “We would be very interested in finding ways to lower the corporate tax rate so that companies that are operating overseas can operate effectively and aren’t put at a competitive disadvantage.”"