While few U.S. companies actually pay the full rate due to various deductions and credits, U.S. tax bites dissuade foreign companies from setting up shop here while providing incentives to U.S. multinational companies to keep large sums overseas, Republicans argue.Obama largely agrees and has proposed lowering the top rate to 25 percent for manufacturers, even lower rates on income from still-undefined "advanced manufacturing" and a rate of 28 percent for all other corporations.
US Is Halfway To Obama 5-year Export-doubling Goal
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