Obama Administration Proposes Tax Raises To Boost Manufacturing

New York Times:

WASHINGTON — The Obama administration, seeking to promote domestic manufacturing without increasing the federal deficit, proposed Wednesday to offset new tax breaks for manufacturers by raising taxes on a wide range of other companies.

Read the whole story at New York Times

Comments

[Too Handsome]

09:53 AM on 02/23/2012

Just like everything Obama has done since taking office. The winners are Obama, friends of Obama and the democRAT party. The losers are the American people.

[BBackSoon]

01:39 PM on 02/23/2012

Whatever.

[Too Handsome]

09:35 AM on 02/23/2012

"The proposal would also roll back provisions that benefit a range of other companies, including Brown-Forman, which distills Jack Daniel’s"

Thats it Obama..you really went and did it this time...you just lost the vote of every Jack Daniels swilling American.

[mdsman]

09:06 AM on 02/23/2012

This article states it prestty clearly, Political Kabuki Theater.
As with so many of the proclamations being passed out....

Just another campaign point...like the BC firestorm

Just remember, corporations pass on the tax in the form of a higher price. They are just hidden, regressive taxes that hurt the poor the most.

[KarmaPatrol]

09:06 AM on 02/23/2012

The Congress needs to get rid of tax breaks for companies that send jobs overseas yesterday. If we are borrowing money from overseas to pay for this kwapola, it not only needs to stop, there needs to be a retroactive clawback.

[Too Handsome]

09:31 AM on 02/23/2012

"kwapola"....lol....i like it