Answer: a corporate tax cut. No, really. As Robert Reich explains,
The Obama administration is proposing to lower corporate taxes from the current 35 percent to 28 percent for most companies and to 25 percent for manufacturers.
The move is supposed to be “revenue neutral” – meaning the Administration is also proposing to close assorted corporate tax loopholes to offset the lost revenues. One such loophole allows corporations to park their earnings overseas where taxes are lower.
Oh, right. And what happens if Congress, in response to his proposal, gives us a corporate tax cut WITHOUT closing any loopholes, as Republicans have already indicated they intend to do?
Read Reich’s post to learn more about Obama’s unforgivable utter stupidity. Where was Obama when they passed out brains?