Corporate tax

President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.

The company is one of a number of big U.S. businesses accused of not paying a fair share of tax on their British operations.

The Obama administration is expected to announce a plan to bring the corporate tax rate down from 35 to 28 percent, hoping to eliminate tax loopholes for corporate giants.

The Obama administration today will outline a broad overhaul of the nation's corporate tax code that will lower the tax rate that businesses pay, but could increase to amount of tax revenue heading to Washington.

Obama’s plan would cut the top corporate tax rate to 28 percent from 35 percent but close many loopholes that let companies pay far less today.

The Obama administration could soon propose a lower, flat corporate tax rate. But how do corporate taxes really work?

The governor discusses the state's falling unemployment rate, the state of the auto industry and his corporate tax proposal.