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Obama Donor Mellody Hobson Concedes Corporate Tax Rate Too High

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<p>Here’s something you don’t see every day; a prominent donor for President Obama admits that America’s corporate tax rate is in fact too high. Mellody Hobson appeared on CBS This Morning on Thursday, August 7 to discuss pharmacy chain Walgreens’ decision to keep its headquarters in the United States. The CBS News contributor opined that even though Walgreens will pay significantly higher taxes by remaining in the United States “it's still the highest tax rate of any developed nation.” Video cross-posted <a href="http://newsbusters.org/blogs/jeffrey-meyer/2014/08/07/obama-donor-mello… </a>at NewsBusters.&nbsp;</p>

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