Reply #25: Well, here is the current political climate on that issue

[Zodiak]

Our raw corporate rates are higher than Europe right now, and that little fact gets thrown in our faces every time we talk about tax hikes for corporations. (I think it is like 35% for the US and 30% for Europe).

Now you and I both know that our corporations do NOT pay their full 35% because of numerous tax loopholes and the Europeans do, but that raw number is what the frame of the argument will be. Hence, you will note the absence of the corporate tax rate as an issue in our body politic.

You will also note that Obama has mentioned closing tax loopholes for corporations that offshore, which may not drive the raw rate higher, but it will get that revenue percentage higher than 7%, which at present is a fucking travesty of justice against the people since corporations use and put more wear and tear on our infrastructure.

I am afraid that right now in the US, the most we can hope for is a tepid attempt to reign in corporate interests. For a populist like me, it sucks to see us so far down the corporatist trail, but that is where we are.