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Upton says Congress will work on corporate taxes

Congressman Fred Upton
Congressman Fred Upton

ST. JOSEPH (WKZO0 -- Work will begin on Capitol Hill after Labor Day to reduce the federal corporate tax rates.

According to Congressman Fred Upton of St. Joseph, both the House and Senate plan to start work to reduce the rate from 35-percent to 25-percent as requested by President Obama.  Allegan-based Perrigo announced Monday it is moving its corporate headquarters from west Michigan to Dublin, Ireland to take advantage of the Irish twelve-percent corporate rate.

Upton says his office has been assured that there won't be any job cuts in Holland or Allegan from the move.