Of course, Kerry will propose anything at this point. But has he ever done anything as a Senator? No.

Outrageous! The wealthy, white, male son of privelege offering tax cuts to wealthy corporations while Medicare and Medicaid and education are underfunded and the deficit is soaring. These greedy Republicans are--

Ah, 'scuse me, but Senator kerry is a Democrat.

Oh. never mind.

I agree with you, Orrin, but that is a tough sell. When I trying explaining to my more liberal friends that corporations don't really "pay" taxes, I just get uncomprehending stares.

This is Kerry's attempt to not be seen as anti-business. Jim and Mike are correct in that the media will give Kerry credit for this when it probably won't pass or Kerry won't do anything about it. If Bush proposed it he would be criticized for being in bed with companies and expanding the deficit.
As Rick T note companies don't really pay taxes in that they pass the cost along to the consumer. Reducing corporate taxes would help everyone except the government who won't be able to spend the money. Offsetting the lost revenue with reductions in corporate welfare might help keep McCain busy.
Question is how does Bush respond - ignore this, match Kerry's offer, or raise the ante? I would at least match the offer - Bush has a history of tax cutting that would make his proposal more credible.

All of the above is correct.
Except for minor quibble to Rick T, AWW regarding who ultimately pays Corporate Tax. The best that can be said is that sometimes companies can pass the tax thru to the consumer(probably most of the time), but other times the stockholder is paying.

The ultimate issue eventually is total govt. spending and not nominal taxes (nor the proximate payer of the taxes), and I think (although I'm tested by Bush) Republicans are by far the party of smaller govt.

So, he's going to cut "Corp taxes" but raise Sub-S Corp taxes cos that's where the real money is.

Everything and It's Contrary!

Vote for John Kerry!

And once we get rid of corporate taxes, let's get rid of the corporate liability benefits!

That's the benefit you get in return for those extra taxes.

So if you don't want corporate taxes, it's better to just abolish the whole concept.

The wonderful thing in reading the stories this morning about Kerry's proposal is how much "leaked out" about the internal dissention within the Kerry camp about the proposal.

Odds are the "leakers" came flying at the reporters at Warp 9 speed to let them know how Kerry was going against his liberal advisors on this issue, in order to discredit the ads Bush people are hammering him with, listing his support for past tax hike proposals. Of course, if he did get elected, he would simply dust off Bill Clinton's "I've never worked so hard at anything in my life" speech from 1993, say the deficit crisis is worse than he thought and, gosh darn it, he just can't give anyone those tax cuts he promised.

Chris Durnell:

Actually, limited liability for corporations is the price modern societies pay for jobs.

Here's an idea. Keep the corporate tax, but give a tax credit to corporations for every US citizen that they employ in the US (overseas employment doesn't count, neither do H1B employees working in the US).

I was quite ammused. I assume this means that Kerry has now conceeded the point that tax cuts are the means by which Presidents create Jobs. Therefor he can no longer criticize bush for not trying.

Another problem is that he will have to explain why he has voted against similar proposals by the R's in the past.