President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure. (Washington Post, Thursday)
Businesses don't pay taxes; they collect them.
FEE Timely Classic
Corporations Should Pay Higher Taxes? It Just Ain't So! by Roy E. Cordato