Detailed text transcripts for TV channel - FOXNEWS - 20110924:15:31:00
They have to set aside money to pay uncle sam every year. oil companies in particular, though everyone likes to demonize them, the effective tax rate is close to 40%. >> cheryl: a lot of companies, talking about the private sector. many say the private sector is what it's going to get markets back up and get the jobs moving again. we have to listen to the ceos. should we? >> well, i don't think it's as simple as just lowering corporate tax rates. we have so many exceptions to the tax code right now; meaning, that somebody gets a tax exemption for this. and somebody gets a tax abatement for tha...
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