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Feb 22, 2012

Marketplace Morning Report for Wednesday, February 22, 2012

The Obama administration is expected to announce a plan to cut the federal corporate tax from 35 percent (that’s the second highest rate in the world) down to 28 percent. The consumer sentiment figure is a measure of how consumers are feeling about the economy and it’s put together by Thomson Reuters and the University of Michigan. The nation’s most populous state, California, had a brush with fiscal calamity this month, and lawmakers had to scramble recently to close a $5 billion budget shortfall.

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Segments From This Episode

New plan to be outlined for U.S. corporate tax code
by Eve Troeh
The Obama administration today will outline a broad overhaul of the nation's corporate tax code that will lower the tax rate that businesses pay, but could increase to amount of tax revenue heading to Washington.
Budget surplus, weather important to Michigan economy
by Jeremy Hobson
The state of Michigan actually has a budget surplus on its hands, in large part due to big cutbacks put in place by the governor.
California budget surplus turns into shortfall
by Julie Small
The Golden State didn't collect as much income tax from wealthy residents as it had predicted.
In France, saying adieu to ‘Mademoiselle’ on forms
by Hugh Schofield
The word 'Mademoiselle' seems as French as the Eiffel Tower. But from now on, it will be banned from official government forms.
NASA in the market for some good eaters
by Adriene Hill
The agency wants to figure out how it would feed astronauts on any future mission to Mars, so it needs people to try to cook and eat astronaut food for four long months.
Changes in store for the corporate tax rate
by Jeremy Hobson
The Obama administration is expected to announce a plan to bring the corporate tax rate down from 35 to 28 percent, hoping to eliminate tax loopholes for corporate giants.
The background on corporate taxes
by Adriene Hill
The Obama administration could soon propose a lower, flat corporate tax rate. But how do corporate taxes really work?
Michiganders on the economy and the election
by Jeremy Hobson
Host Jeremy Hobson ventured out into Ann Arbor, Mich. to see how people are feeling about this year's election, and how the economy will play a role in it.
Learning more about consumer sentiment
by Jeremy Hobson
Thomson Reuters and the University of Michigan put together a consumer sentiment survey, which serves as an important economic indicator for the U.S.
Apple to build new data center in Oregon
by Adriene Hill
Apple is buying 160 acres to build a new data center. Amazon, Google and Facebook already own land in the state for their own server farms.
PODCAST: Corporate taxes and state budgets
by Mary Dooe
Justin Sullivan/Getty Images
The Obama administration is expected to announce a plan to cut the federal corporate tax from 35 percent (that's the second highest rate in the world) down to 28 percent. The consumer sentiment figure is a measure of how consumers are feeling about the economy and it's put together by Thomson Reuters and the University of Michigan. The nation's most populous state, California, had a brush with fiscal calamity this month, and lawmakers had to scramble recently to close a $5 billion budget shortfall.
What consumer sentiment says about the economy
by Jeremy Hobson
Richard Curtin of the Reuters/University of Michigan Consumer Sentiment Index discusses how the survey gauges consumer hopes and expectations, and what it means in elections.