Corporate Tax Reductions

general corporate tax rate, which is currently 14%, would be reduced to:

1) manufacturing and processing to be reduced from the current 12% to 10% effective July
    2010.
2) small business rate to be reduced from the current 5.5% to 4.5% effective July 1, 2010.
3) small business deduction surtax of 4.25% to be eliminated effective July 1, 2010.
4) exempt more small and medium-sized business from the Corporate Minimum Tax (CMT) 
    and cut the CMT rate from 4% to 2.7%