Why we can't have a nice tax code

Our corporate tax rate is way too high. And some very profitable corporations get away without paying any corporate taxes, while others pay a lot.

I would abolish the entire corporate income tax (because I see corporations, not being humans, as pass-through entities), but short of that goal, we ought to reform the tax — lower the rate and eliminate deductions, credits, and any loopholes that distort the economy or tilt the playing field. Former Senator Ted Kaufman makes a very similar argument in his column today.