Tag Archives: Corporate tax reform

Corporate tax reform on the table

Corporate tax reform is the topic when Treasury Secretary Timothy Geithner meets today with business executives.

Geithner+China.jpgThat should be a fun. Corporate America likes its tax breaks and any attempt to close loopholes will face serious opposition from somebody.

CNNMoney.com asked six tax policy experts which tax breaks should be eliminated.

Among their recommendations: dump the 45-cent per gallon tax credit oil refineries take for ethenaol blended gasoline. Getting rid of that tax break would save $32 billion over five years.

It will be interesting to see which politicians, if any, have the guts to challenge Big Oil on this one.

Here’s the CNNMoney story: Corporate tax reform: Talk grows louder

Photo: Treasury Secretary Timothy Geithner (AP)