John McCain to cut taxes for Intel; also, Intel announces biggest profits ever
July 16, 2010 by William K. Wolfrum
In a hilariously sad debate, John McCain met GOP opponents J.D. Hayworth & Jim Deakin. Toward the end, McCain made it clear that he would cut corporate taxes, making a point to mention Intel as one of those corporations.
Interestingly, today Intel announced it’s most profitable quarter in its history:
Intel said it swung to a fiscal second quarter profit late Tuesday, in what CEO Paul Otellini called the company’s best quarter in its history.
Intel earned $2.9 billion, or $0.51 per share, versus a loss of $398 billion, or $0.07 per share, in the same quarter last year when Intel paid a $1.45 billion charge to European regulators. Revenue rose 34%, to $10.8 billion.
But McCain – who defended voting against unemployment insurance extensions – wants them to do better.