I’m hoping Sen. Barack Obama’s campaign will pull down this page from his Web site when they realize how stupid it sounds, so I took a screen shot of it and put it here.
It gets better. In the essay that goes along with this very revealing headline, the writer says:
“Few economists have any real understanding of the tax system. Most family businesses and entrepreneurs pay taxes at individual income tax rates, that now go up to 35%. The only family businesses and entrepreneurs paying corporate income tax rates are those where tax code complexity or costs prevent a family business from converting to a “pass-through” entity where the owners, rather than the business, pay the income tax. Thus, the corporate income tax rate must remain tied to the top individual income tax rate. If that rate goes to 39.6% when the Bush tax cuts expire, the corporate rate should also be increased.”