Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

13 of 22
BACKNEXT
Taxing Business
Taxing Business
Obama wants to increase some companies' tax bite in a few ways.

· Consider reducing the corporate tax rate in conjunction with closing corporate tax loopholes.

· Make R&D credit permanent.

· Impose windfall profits tax on oil and gas companies.

· Exempt investors from the capital gains tax on their investments in small businesses and startups if they made their investment when a small company was valued below a certain threshold. That threshold has yet to be defined.

· Make renewable production credit permanent.

· Require companies to verify transactions that have benefits other than their tax benefits.

"...We can't just focus on preserving existing industries. We have to be in the business of encouraging new ones -- and that means science, research and technology." -- Obama*


NEXT: Health Care
Last updated November 06 2008: 11:36 AM ET
Source:
*June 16, 2008, Speech, Flint, Mich.
More Galleries
13 hottest tech gifts under $100 Some of the hottest products of the year cost well under $100, from gaming consoles and VR headsets to drones. More
14 gifts gamers would actually want Whether you're shopping for a Pokémon GO fan or someone who owns every console ever made, we've got holiday shopping recommendations to suit everyone from beginners to the most discerning gamer. More
14 coolest toys for the holiday season Our list of must-have toys includes a self-hatching interactive pet, a coding toy for toddlers and a high-tech Barbie Dreamhouse. More

Special Offer