Tuesday while speaking in Tennessee, President Obama outlined a proposal to cut corporate taxes in return for increased spending to create jobs. NBC’s Peter Alexander has more on the story and Business Insider’s Josh Barro joins The Cycle with his reaction to the speech.
America currently has the highest corporate tax rate in the world. Dean Baker, Center for Economic & Policy Research, and Dan Mitchell, Cato Institute, discuss former Obama economic adviser Larry Summers' call for corporate tax reforms.
The Up panel discusses why corporate tax reform is long overdue, through the lens of the recent revelation that Apple has been working loopholes in the tax it.