by Mitch Kokai
Senior Political Analyst, John Locke Foundation
The latest Fortune devotes a page (not yet posted online) to a plan for “fixing America” from Sandy Cutler, CEO of $16 billion-a-year power-management company Eaton.
Among the ideas:
First, we need to reduce the destructive uncertainty surrounding corporate tax reform. The Obama administration’s recent proposal to lower the maximum rate companies pay from 35% to 28% (and 25% for manufacturers) is a good start but doesn’t go far enough. The maximum corporate domestic rate should be lowered to 25% for all companies (in line with the average rate in the OECD nations).
One suspects Roy Cordato would agree that Obama’s corporate tax rate cut doesn’t go far enough. Roy would cut the corporate rate even more — to zero.