The Obama administration is today going to propose a cut in the corporate tax rate from 35 percent to 28 percent, according to multiple reports. NPR's Scott Horsley notes that the president also wants to scale back some deductions that businesses now get. So, the overall effect of any such changes could be "revenue neutral" and keep corporations' share of the nation's tax burden unchanged, Scott says.
The U.S. Supreme Court hears arguments Wednesday in a case about lies, big and small, and when those lies can be a crime under the Constitution's guarantee of free speech. At issue is the constitutionality of a law making it a crime to lie about being the recipient of military medals.
At the center of the case is Xavier Alvarez, a man nobody disputes is a liar. He lied about being an ex-professional hockey player. He lied about being an engineer. He lied about rescuing the American ambassador during the Iranian hostage crisis. He even lied about being a retired Marine.