Detailed text transcripts for TV channel - CNN - 20110208:11:25:00
Highest corporate taxes in the world. but it doesn't necessarily mean the businesses and corporations are paying that rate. >> that's right. good morning, you'll hear more about. this the president even yesterday when he went to mend the fences with big business, talking about how you can lower the corporate tax rate in this country, get rid of all the loopholes to pay for it, and it will be a more fair situation for american-based companies so they can compete globally. you're going to hear a lot about this. on paper, the corporate tax rate this country, 35% is the federal rate. when you talk...