In the comments on Prof. Krugman's blog, I sometimes go off-topic, so if I could delete my following thought there, I would, and instead, ask it here, as I am.
While not yielding on the raising of personal income tax rates, I wonder if there is a bargain to be had on corporate income taxes. The bargain has the following component parts:
1. Enshrine into federal law that corporations are not people and people are not corporations.
2. Restore at the federal level, and overriding the states, the union bargaining rights that are being stripped away at the state level.
3. Pass legislation or a constitutional amendment if necessary, to address the bad outcome of Citizens United v FEC.
4. In return, 0 - yes, zero - corporate income tax, (with provisions to make sure people can't turn themselves into corporations in order to avoid taxes) (see 1.)
The way I see it, if it can be made true that corporate income will manifest itself as personal income, and thus that income is taxed as personal income, then it is perfectly fine to do away with corporate income tax.
What I'd like to learn from Kossacks is:
A - Is this deal good for the Republic?
B - Is this an economically sound deal?
C - Is this a politically feasible deal?
This is a brief diary, so there is nothing below the stylized Standard & Poors logo.