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Nato s top u.s. commander has apologized for the burning and deputy defense secretary is in kabul now meeting with afghan leaders to stress the u.s. commitment to the military mission. tax as hot button issue on the campaign trail and today the obama administration announcing its new plan to cut the corporate tax rate from 35 to 28 percent but there is much more to that headline. stu varney is the anchor of varn varney & company and is with us now. instead of rejoicing that the president is proposing a tax cut on corporations you are saying this could be very bad news for american corporations. why? because there is a big, new tax included in these proposals. this new tax would tax any profit made by any american corporation overseas, whether or not that money is brought back to america or not. the president is trying to establish a global tax net ....
Clean it. i did not know that was a theme they were going for. but the kids at starlust. probably affordable, though. probably. if you can take it. all right. more on brian s hotel hijinx later on in the show. meanti meantime, the obama administration is expected to make a major proposal to reform the corporate tax structure. according to interesting timing. according to reports, the white house is planning to suggest dramatically lowering the corporate tax rate. i don t know if i d say dramatic. but stuart varney says there s a catch to the mainstream media that mainstream media is overlooking. let s not overlook it anymore. the rate drops down but there s more to it. the headline is not the rate drops down, no. the headline is president obama wants a big and i mean a big, new tax on american companies that make money overseas. now, never before global tax? it s basically a global tax. you ve extended a global tax net to catch any american company ....