The president – who has long insisted that any cut in the corporate tax rate be matched by an overhaul of the individual tax code – is dropping that demand in a last attempt at a grand bargain. The Daily Rundown’s Chuck Todd reports.
Tenneco topped most revenue expectations for the second-quarter in which earnings were dragged down by a tax rate that essentially doubled. Full story
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.
Top Talkers: An inspector general report on IRS spending for travel and conferences is expected to be released on Tuesday, June 4. A Treasury Dept. review found the IRS spent $50M on conferences, adding to the scrutiny the agency is already feeling from its targeting of conservative groups. The Morn
In the third part of a wide-ranging interview, Rep. Paul Ryan, (R-WI), explains why he wants to change the current variable corporate tax rate so it's fair across the board and encourages companies to bring money back to the United States.
CNBC's Larry Kudlow discusses whether Fed Chairman Bernanke induced fear in the markets on Wednesday, and offers his take on what the American corporate tax rate should look like.
Apple won't say what Tim Cook's plan is, but in interviews with other outlets, he is pointing out the current corporate tax rate of 35 percent is too high, reports CNBC's Mary Thompson.
People walk past a shop window with an announcement of discounts going up to 50 percent on goods made in Portugal, in Sintra April 23, 2013. Portugal's government plans to lower company tax rates "significantly" as part of a wider plan of incentives to drag the economy out of its worst recession sin