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2. During the 2012 presidential campaign, Republican Mitt Romney said corporate tax rates should be cut. What reason did he give?

The top corporate tax rate of 35 percent is high, now that many other nations have cut their rates. But because of loopholes many companies pay a lower effective tax rate. The corporate tax, by the way, accounted for 8 percent of all federal receipts in 2011.

The top corporate tax rate of 35 percent is high, now that many other nations have cut their rates. But because of loopholes many companies pay a lower effective tax rate. The corporate tax, by the way, accounted for 8 percent of all federal receipts in 2011.

The top corporate tax rate of 35 percent is high, now that many other nations have cut their rates. But because of loopholes many companies pay a lower effective tax rate. The corporate tax, by the way, accounted for 8 percent of all federal receipts in 2011.

The top corporate tax rate of 35 percent is high, now that many other nations have cut their rates. But because of loopholes many companies pay a lower effective tax rate. The corporate tax, by the way, accounted for 8 percent of all federal receipts in 2011.

Ann Hermes/The Christian Science Monitor/File
(Read caption)

Because other nations have brought their taxes down, so it's important to "put American companies on a level playing field."

 

Because businesses provide a public service by helping to finance political campaigns. "Corporations are people," Romney said.

 

Because corporations are more important to the economy than they were 25 years ago.

 

All of the above

 
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