As Mitt "Lies-Come-Natural" Romney has told us repeatedly, President Obama's polices are about as anti-business as it gets. Horrible stuff, just horrible. Made the recession worse; squeezing business left and left. Why, just read the Wall Street Journal, as it reveals the awful truth:
U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.
Wait, what??? Did they just say taxes are lower than they were under George "Hey-Remember-Me?" Bush? Profits are up???