Everybody Cut, Everybody Cut
Let’s pretend that this Rush Limbaugh op-ed in the Wall Street Journal isn’t a (pretty funny) goof on the invented controversy about whether he’s preventing Republicans from reaching bipartisan nirvana. It seems like Limbaugh is serious about this bit:
I say, cut the U.S. corporate tax rate—at 35 percent, among the highest of all industrialized nations—in half.
That would drive the tax rate 7.5 points lower than even the most conservative Republicans are suggesting, but why stop there?
Why not cut the tax to one percent? Lower taxes, more productivity, more profit, and, correspondingly, higher tax revenues.
I don’t know why Limbaugh doesn’t suggest this, unless he’s simply not being serious.