August 9, 2007 03:18 PM | | Bookmark and Share

After years of promoting or ignoring corporate loopholes and tax sheltering, President Bush announced yesterday that his administration has suddenly discovered that these corporate tax dodges are a drag on our economy. But while the President is right to call for closing corporate tax loopholes, he’s wrong to suggest using all the resulting additional revenues to pay for a cut in the corporate tax rate.

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