Obama looks to cut the corporate rate to 28%
President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.
Christie to Warren Buffett: Write the check and shut up- VIDEO
"He should just write a check and shut up. Really. And just contribute. I'm tired of hearing about it. If he wants to give the government more money, he's got the ability to write a check. Go ahead and write it," Gov. Chris Christie (R-NJ) said to CNN's Piers Morgan.
Santorum/Romney deadlocked in MI
In Michigan - which has turned into a make-or-break contest for Romney - the former Massachusetts governor gets the support of 37 percent of likely GOP primary voters, including those who are leaning toward a particular candidate.
GOP candidates mix words and deeds on E-Verify
50% UK tax rate drives DOWN receipts
The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.
Senior sources said that the first official figures indicated that there had been "manoeuvring" by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.
Obama prepares to spin gas prices
Obama's message will draw largely from previous speeches and proposals, officials said. He will attribute elevated prices in part to high demand globally, particularly in China, according to one of the officials, who briefed reporters on condition of anonymity.
He will discuss the steps his administration has taken to increase domestic production of oil and natural gas, raise fuel efficiency standards and promote new construction of nuclear facilities, officials said.
DUH: Fitch cuts Greece outlook, default likely
Fitch ratings agency on Wednesday slashed its rating for Greek sovereign debt to "C" from "CCC," indicating that default is "highly likely in the near term."
Afghan Koran freak out continues
The U.S.-led force in Afghanistan and other westerners often underestimate the reverence of Afghans and other Muslims for the Koran, said Sultan Shahin, an Indian analyst who runs New Age Islam, a website on Muslim and interfaith affairs.
"Americans often suppose that the Koran, as a book, is analogous to the Christian Bible, but in fact Muslims' reverence for the Koran is more like the reverence that Christians feel for the person of Jesus," he said in a phone interview in New Delhi. "For Christians, the divine vehicle of God's message is Jesus, while Muslims see their prophet as fully human and the divine gift is the book."