Winners and Losers in President's Corporate Tax Reform

The White House has a new plan to lower corporate tax rates to 28% from 35% by wiping out loopholes, taking a page once again out of the Ronald Reagan playbook, and stealing thunder from GOP presidential contender Mitt Romney, who also wants a lower, 25% corporate rate and fewer breaks. But for investors, which industries would win or lose with a lower, flatter corporate tax structure? Hint: Hats and horns for utilities, auto manufacturers and truckers — manufacturers could be looking at a 25% rate. But don't celebrate for Internet, drug and biotech companies. President Barack Obama already said in last year's 2011 State of the Union address that he'd like to lower the tax rate corporations pay. And now the expectation is the president plans to do just that, paying for it by wiping out dozens of corporate tax breaks. Continue reading this article

.