WASHINGTON – The question at the heart of President Barack Obama's recent directive ordering the Treasury Department to pump the brakes on U.S. companies gobbling up smaller foreign businesses to take advantage of a friendlier overseas corporate tax climate is whether America's corporate tax rate is too high.
For those who may have missed the news, Obama last week effectively killed a $160 billion merger involving New York-based pharmaceutical giant Pfizer, which had agreed to buy Dublin-based Allergan. The transaction would have let Pfizer move its legal domicile from the U.S., home to a 35 percent corporate tax, to Ireland and that nation's 12.5 percent tax rate.
WASHINGTON (AP) — In an early general election warning for Donald Trump, Americans say they trust Democrat Hillary Clinton over the Republican businessman on a range of issues, including immigration, health care and nominating Supreme Court justices.
Even when asked which of the two candidates would be best at "making American great" — the central promise of Trump's campaign — Americans are slightly more likely to side with Clinton, according to a new Associated Press-GfK poll.
