Coalition pushes corporate tax cut - TheHill.com

Coalition pushes corporate tax cut - TheHill.com: "A coalition led by the hotel, financial services and energy conglomerate Loews Corp. is lobbying lawmakers to slash the corporate capital gains rate as part of any stimulus package, saying the measure would boost revenues to the federal government. The coalition, called America Gains, argues that temporarily dropping the rate from 35 percent to 15 would spur companies to offload buildings, plants and machinery that they otherwise would hold to avoid paying the tax. Tempted by the lower rate, companies would want to sell these assets sooner rather than later, unleashing a burst of economic activity and raising receipts for the IRS."