Geithner Gauging Support for Big US Tax Change

From NEWSMAX:

The Obama administration is exploring ways to boost tax incentives for corporate investment in the United States, Treasury Secretary Timothy Geithner said Wednesday, ahead of his meeting with chief financial officers from some of America’s biggest companies.

“We’re examining whether we can find political support for a comprehensive tax reform — revenue neutral — but that would improve incentives for investing in the United States,” Geithner said in comments after a speech at Johns Hopkins University’s School of Advanced International Studies.

Geithner is expected to meet with CFOs of major U.S. companies including Microsoft Corp and Cisco Systems on Friday to hash out ideas for simplifying and trimming the corporate tax — nearly the highest in the industrialized world…

Click here to read the full article.

Share