I have not read the whole proposal line for line, but I would suggest that the 15% corporate tax rate probably is being proposed in place of the
current system, whereby many corporations use various loopholes in the tax code which were lobbied into existence by them. I would much prefer a 15%
tax on ALL corporations WITH NO LOOPHOLES for any. This would eventuate in 15% tax on Corporation XYZ taxable earnings instead of what they paid in
2010, which was $0.00 (as in 0%).
Further, there is no doubt that past corporate taxes have driven many companies off-shore. This would be designed to bring them home. Remember, when
one says "corporations" we are not JUST talking about G.E. and Monsanto and Exxon. We are also talking about much smaller entities that used to build
and make things here in the U.S.A.
edit on 18-10-2011 by Electrum because: add on