[Yaelle]

I have considered that or a flat rate for all types of taxes, but I didn’t think anyone had the balls to think about not taxing the producers

“All the talking heads tomorrow, all the wonks on Fox Business, CNBC, ll the financial media and all the Wall St donors and all the businesses in America have just been handed down the gauntlet, you will be able to produce again when we get rid of this little turd squating @ 1600 Penn..

This is not going to go un-noticed....”

Wooooo Hoooooo! Takes all the wind out of Obama’s sails for his stupid clueless speech. You cannot beat palin’s strategy for improving the economy.

[taildragger]

Yaelle....

OMG I didn't even thtink about that...

Game on Obiongo!!!!

[Jane Long]

This is not going to go un-noticed....” Wooooo Hoooooo! Takes all the wind out of Obama’s sails for his stupid clueless speech. You cannot beat palin’s strategy for improving the economy.

Spot on...his class warfare, blame anybody-but-himself rhetoric just got told!!

[CharlesWayneCT]

It's not a new thing. For example:

[CharlesWayneCT]

(messed up that one): It's a good plan, and not something new that should shock the business world. For example:

End Corporate Income Tax - Washington Times, November 30, 2004:

The idea and practice of the corporate income tax has been dying slowly for the last two decades. The corporate income tax is a highly destructive tax that greatly distorts proper economic decision-making, taxes the same income more than once, is endlessly complex, and provides a declining share of tax revenue in most countries. For instance, in the United States, corporate income tax revenues fell from 4.2 percent of gross domestic product in 1967 to only 1.2 percent of GDP in 2003, though there was minimal change in the tax rate.

So apparently there isn't a lot of money in corporate taxes to begin with.

Those who oppose eliminating the corporate tax will say we cannot afford the revenue loss. They say such things because they do not think beyond the first order. Think about it for a minute. If you eliminate the corporate tax, corporate profits will increase, causing corporations to hire more workers and/or raise wages and invest more in new and better equipment, and/or increase their dividend payouts. All this will cause the price of corporate stock to rise and the government to receive more in capital-gains tax revenues. The government will also receive more tax revenue from the increase in dividends paid and workers hired. If we look at the experience of other countries who have greatly reduced corporate tax rates, like Ireland, it is clear the additional growth in jobs and profits ended up providing the government more, not less, tax revenue.