Marketplace Morning Report

with David Brancaccio

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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A customer walks through an H & R Block office on April 15, 2011 in San Francisco, Calif. The Obama administration hopes to reform the corporate tax system in the U.S.
Justin Sullivan/Getty Images
Each year, citizens and companies alike must file taxes with the federal government. Many big corporations have reduced their payments by finding loopholes in the tax code, but that could soon change.
Justin Sullivan/Getty Images

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About the Show

A lot happened while you slept. Marketplace Morning Report® host David Brancaccio explores the latest on markets, money, jobs and innovation, providing the context you need to make smart decisions. We've also launched a new series about how machines, robots and algorithms are increasingly entering the workforce. We're looking at what humans can do about it with a new journey to find robot-proof jobs. Read more here.