President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.
The Obama administration today will outline a broad overhaul of the nation's corporate tax code that will lower the tax rate that businesses pay, but could increase to amount of tax revenue heading to Washington.
The Obama administration is expected to announce a plan to bring the corporate tax rate down from 35 to 28 percent, hoping to eliminate tax loopholes for corporate giants.