The White House has released a fact sheet that includes the US President's proposals for simplifying the tax code for businesses and creating jobs and economic growth. The fact sheet is entitled "A Better Bargain for the Middle Class: Jobs" and is dated 30 July 2013. The significant tax proposals in the fact sheet include: -   reducing the corporate income tax rate from 35% to 28%; -   eliminating current business tax loopholes; -   simplifying tax filing for small businesses; -   allowing small businesses to expense up to USD 1 million for the cost of making new...