Investment expert weighs in on tax rate changes

The president of a local investment management firm says he’s not surprised that markets on Wall Street did not react to President Obama’s proposal to reduce the nation’s corporate income tax rate from 35 percent to 28 percent.

Kendall Anderson of Anderson Griggs Portfolio says the cut is a step in the right direction.

Anderson says in a global economy it would be beneficial for American corporations to compete on an equal footing.

He says no U-S company can be stopped from quote from setting up shop anywhere in the world.

Anderson appeared on Thursday’s edition of Straight Talk on WRHI.