Corporations want to be treated as individuals when it comes to political contributions but not when it comes to paying their taxes. I think we should change that. It's the most logical and reasonable solution to balancing the budget and reducing the deficit.
The donors were, of course, the same kind of folks that a tuxedoed George W. Bush described at a fancy dinner a dozen years ago as: "The haves and the have-mores," adding congenially: "Some people call you the elite. I call you my base."
When government officials are consistently opposed to the idea of regulation (i.e. the implementation of rules of governance) one wonders what they're doing in their posts... other than jockeying for a better-paid exit when they next waltz through the revolving door.
Since Japan lowered its rate last April, our corporate tax rate has been the highest in the world. There is no disagreement in Washington, believe it or not, that a 35% rate is too high. What complicates things is that very few if any corporations actually pay that rate.
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