Okay, someone help me out on this and tell me what I'm not getting with the argument about lowering corporate tax rates while closing the loopholes.
WSJ dipshit, Stephen Moore made this argument on Real Time the other day (which I linked) so that the corporations who are currently paying zero or close to zero taxes won't be able to get away with paying such low rates (essentially create a corporate flat tax). I understand what he's TRYING to get at, but like with many things, the more one digs in, the less sense it makes.
Let's use GE as an example (as it's the one that Maher used), who paid nothing in taxes last year. Even though our marginal rate is 35%, GE is doing just fine due to all the loopholes and whatnot. It would be reasonable to think that GE wouldn't take too kindly to this flat tax proposal to lower the marginal tax rates to 17% (Moore's suggestion) and close the loopholes so that GE would be presumably paying the 17% rate.
But doesn't that contradict one of the other right wing arguments, that corporations will never bring their money back to the U.S. to be taxed? I mean, Moore doesn't make it sound like he wants to give the corporations the option of paying what tax rates they prefer. The only reason they're going overseas to all these tax shelters and whatnot, is because we're simply allowing them to do so!
That post might be kind of inarticulate, but I hope I got my point across.