Im not running for office (yet) but heres my tax plan, I would love to hear some feedback, both from the lobbyist reps, and the private citizens on the forum. Personal income taxes stay as they are (including the Bush era tax cuts). Not only do 66% or two thirds of corporations pay nothing in taxes, many (such as G.E. last year) get a tax benefit from the government. The way they do this is by hiding their domestic profits in over seas tax havens such as the Cayman islands, not only is this not illegal, its not even a secret. As you may recall there was a recent proposal to give corporations a tax holiday of 5.5% as an incentive to bring back their profits. Heres my plan, not only do we not give them a tax holiday; we outlaw the practice and require corporations pay every dime of the taxes they lawfully owe. In the case of G.E., they made 14 billion dollars but reported zero income and therefore received a 3 billion dollar tax benefit last year. First we take away that tax benefit, thats 3 billion. Now we charge them every penny of the 35% corporate tax rate, thats 4.9 billion. Hey! I just cut the budget nearly 8 billion and I didnt have to cut any program or increase taxes on anyone (because 35% is the current corporate tax rate, they just dont pay it), and thats just one corporation. One building alone in the Cayman Islands house 19,000 corporations (on paper). In reality if we address this problem we wouldnt have to charge them anywhere near the full 35% rate to balance the budget with a surplus. I have a pretty good idea what Im going to hear already, but I would still like to have some feedback. Opinions?