I wholeheartedly agree about the double taxation issue. But I don't think of protecting the investor from unaccountable corporate greed as being a government control freak. It is obvious from all the scandels of late that some form of responsibility and accountability has to be placed on those who invest and spend other peoples money. On the other hand there are many companies who are very responsible about this. Any regs put in place should not hamper their ability to generate product, revenue, profit, and growth; ultimately increasing the value of the investors stock.
I am not enough of an economist to suggest the details of implementing this. I only see this as making sense.
I agree with your sentiment. However, if what the pessimists selling this tax cut say is true, a company's ability to invest in its business will be hampered if pressure is put on them to pay higher dividends instead. A much better law would require independent boards of directors for large corporations.
In actuality, I don't believe the pessimists. I don't think this tax cut will hinder the crooks one bit. Nor do I believe that it will hinder good management from investing in its business. Management is far too nimble for that. One thing people should note is that many companies already avoid double taxation on dividends by finding ways to avoid taxes on income used to pay for them. In that case, people receiving dividends from such strategies won't receive a tax cut.