Tipton seeks to cut corporate tax rate

Rep. Scott Tipton, R-Colo.

Rep. Scott Tipton is pushing forward on his campaign promise to turn the economy around by introducing legislation on Tuesday that would cut the federal corporate income tax rate to 10 percent from 35 percent, a rate that is among the highest in the developed world.

Tipton, R-Cortez, said the bill – which would also lower capital-gains and dividends taxes to 10 percent – would attract business investment in the United States and spur job creation.

Read the rest in the Durango Herald.