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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From this Episode

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

News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents Marketplace Morning Report from BBC World Service to bring you up to speed as the global economy shifts. It's the world perspective you need, from two trusted sources.