PERRspectives: Big Business Turns Against Corporate Tax Reform
"The reasons are simple enough. While they are only too happy to take the rate cut, companies in most sectors of the U.S. economy currently benefit from a wide array of deductions and loopholes that now make the effective federal corporate rate closer to 13 percent of profits. And as it turns out, today's tax code enables entire industries and some of America's highest profile firms to pay Uncle Sam almost nothing at all."
