Obama to pitch lower corporate tax rate

[we vs us]

http://www.reuters.com/article/2012/02/10/us-usa-taxes-obama-corporate-idUSTRE8191YM20120210

WASHINGTON (Reuters) President Barack Obama will call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration.

The president is likely to propose a rate closer to an average of that seen in peer nations, the sources said.

This would jibe with remarks made last year by Treasury Secretary Timothy Geithner, who suggested the United States should be moving to a rate more in line with its major trading partners in the high 20-percent range.

Ah the smell of triangulation in the morning. 

Actually, it kinda grosses me out.  Being competitive with other nations is a good thing, and if Obama can close loopholes and make the system fairer, I'm all for it.  What I'm not, though, is for a reduction in overall revenue.  We have huge deficits and some very large upcoming bills in the next decades (I'm thinking of the boomer retirement bubble as well as the general collapse of our existing infrastructure) and there's no guarantee that lower taxes will speed up the halting recovery already under way. Heck, taxes in other sectors of the economy are the lowest they've been in generations and all that's gotten us is the current halting recovery.