A comparison of corporate tax proposals by President Barack Obama, House Ways and Means Committee Chairman Dave Camp, R-Mich., and GOP presidential hopefuls Mitt Romney, Rick Santorum, Newt Gingrich and Ron Paul:
• CORPORATE INCOME TAX
Obama: Reduce top tax rate from 35 percent to 28 percent.
Camp: Reduce to 25 percent.
Romney: Reduce to 25 percent.
Santorum: Reduce to 17.5 percent.
Gingrich: Reduce to 12.5 percent.
Paul: Repeal 16th Amendment to the Constitution, stripping Congress of the power to levy income taxes.
Obama: Reduce top rate for manufacturers to 25 percent.
Camp: Eliminate unspecified preferences.
Romney: Create temporary investment tax credit, extend write-offs for capital expenditures.
Santorum: Eliminate corporate income tax for manufacturers.
Gingrich: Full write-offs of capital expenditures.
Paul: No specifics.
• INTERNATIONAL TAXES
Obama: Keep U.S. system of worldwide taxation, with an unspecified minimum tax on foreign earnings.
Camp: Exempt 95 percent of foreign earnings from U.S. taxation.
Romney: Transition to territorial system that does not tax foreign profits.
Santorum: Tax foreign profits returned to the U.S. at 5.25 percent; eliminate the tax if the income is invested in plants and equipment.
Gingrich: No specifics.
Paul: Allow foreign profits to be returned to U.S. tax-free.
Sources: Treasury Department, House Ways and Means Committee, Tax Policy Center, campaign websites.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.