Kerry Announces Corporate Tax Cut Plan

[TinaTyson]

The headline could use a little work. He is also talking about closing other tax loopholes.

http://www.washingtonpost.com/wp-dyn/articles/A27170-2004Mar26.html?nav=rss_politics/elections/2004

"Some may be surprised to hear a Democrat calling for lower corporate tax rates," Kerry told an audience at Wayne State University. "The fact is, I don't care about the old debates. I care about getting the job done and creating jobs here in the United States of America."

Kerry, speaking to Michigan voters who have seen unemployment spike during Bush's tenure, promised to create 10 million jobs in his first term. He said the first step would be eliminating rewards for companies that move overseas, calling it "the most sweeping tax law reform in forty years."

Kerry said he would challenge a reluctant Congress and special interests to carry out the changes in international corporate tax law. The presumptive Democratic nominee, in making his overture to the business community, overrode the objections of some advisers who opposed the corporate tax cut on political grounds.