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Corporate Tax Relief on the Way?
Power Line — ... Charlie Rangel says that he is revising his tax package to include a reduction in corporate income taxes, to 28 percent, down from the current 35 percent rate. That's good public policy, even if you're a liberal. Our corporate income tax rate is the second highest in the developed world and represents a significant drag on the competitiveness of American companies. Cutting the rate will make every company in America more valuable at a stroke and thereby provide a big boost to the stock market. ...

Rangel endorses corporate income tax reform
Dean's World — From Bloomberg News, via Instapundit. New York Representative Charles Rangel said he’s revising his tax overhaul proposal to reduce U.S. corporate tax rates to 28 percent, down from the current rate of 35 percent. […] Rangel, 78, said the reduction would be achieved by targeting special-interest provisions that favor some industries and companies over others. The essence of tax reform is that you get rid of deductions, but apply a lower overall tax rate in order to collect necessary revenue in a less painful, less distortionary way. The article is short on details, but it sounds like ...

Rangel’s other shoes
Hot Air » Top Picks — Rangel’s other shoes posted at 11:00 am on November 16, 2008 by Ed Morrissey Send to a Friend | Share on Facebook | printer-friendly Has Charlie Rangel transformed into a Laffer Curve, free-market thinker?  Not quite.  Bloomberg reports that Rangel has agreed with John McCain on reducing the corporate tax rate , but Rangel plans to pay for it by stripping out deductions, effectively raising taxes on corporations instead: New York Representative Charles Rangel said he’s revising his tax overhaul proposal to reduce U.S. corporate tax rates to 28 percent, down from the current rate of 35 percent. Rangel, in an interview with Bloomberg ...