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Obama Proposal Gets Pushback
Date: 2/23/2012
Written By: Wall Street Journal

Excerpt: The White House's proposal to overhaul the U.S. corporate-tax code by lowering rates and limiting deductions faced immediate resistance from business groups and many Republicans, with critics alleging it favored some industries while penalizing others and failed to go far enough in cutting taxes. … Catherine Schultz, vice president for tax policy at the National Foreign Trade Council, whose members include Boeing Co., Caterpillar Inc., Pfizer Inc. and Procter & Gamble Co., said, "This is not real tax reform but tinkering around the edges." http://online.wsj.com/article_email/SB10001424052970203918304577239201669890634-lMyQjAxMTAyMDIwMjEyNDIyWj.html?mod=wsj_share_email