In Mass., a wary response to tax proposal
Rate cut praised, but other terms called ‘barriers’
Bay State executives had mixed reaction to President Obama’s proposal to reduce the corporate tax rate from 35 percent to 28 percent, while eliminating dozens of deductions. Several Massachusetts business groups applauded the idea of reducing the rate and simplifying the tax code by eliminating a variety to tax breaks and shelters. But others criticized changes they said would make it harder for companies to compete in a global economy.