Obama, Romney Tax Plans Compete on Corporate Taxes

Feb. 22 (Bloomberg) -- The Obama administration called for reducing the corporate tax rate to 28 percent from 35 percent, eliminating tax breaks and changing core features of the tax code such as interest deductibility. Romney ’s plan would set a permanent top tax rate of 28 percent for individuals from 35 percent now and cut corporate taxes to 25 percent from 35 percent. Bloomberg's Peter Cook and Mike McKee report on Bloomberg Television's "Money Moves." (Source: Bloomberg)