The White House is rolling out an ambitious plan to overhaul the corporate tax code. President Obama wants to cut the corporate tax rate down to 28 percent from 35 percent. However, the new rule would close loopholes and popular eliminate subsidies currently enjoyed by American corporations. Treasury Secretary Timothy Geithner will unveil the plan later today.
Sign up for our daily newsletter
Sign up for The Top of the World, delivered to your inbox every weekday morning.