Tuesday, March 29, 2011
Imagine Tom Donahue saying something like this
From Raw Story:
Hiromasa Yonekura, chairman of the Japan Business Federation, said the influential lobby would not fight the government if it decided to shelve a plan to lower the corporate tax rate, which at around 40 percent is among the highest in the industrialized world.In this country, people like Tom Donahue would be whining about how tax cuts would aid the recovery.
Economics Minister Kaoru Yosano suggested last week the government should reconsider the planned tax cut of 5 percentage points from April to prioritize spending on reconstruction and prevent the country's already massive debt pile from growing.
"I don't mind if the government skips cutting the corporate tax rate," Yonekura, who is also chairman of Sumitomo Chemical, told a regular briefing in Tokyo. "Instead I want the government to move swiftly in its recovery efforts."
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