Pawlenty's massive corporate tax cut is NOT a special deal
Tim Pawlenty went to Iowa and told corn farmers they didn't deserve ethanol subsidies. He went to Florida and told the oldster-heavy state the Social Security and Medicare ride was over. And now he's telling Wall Street the bailout days are over.
Yessir, those fat cats are just going to have to shut up and suffer through a massive corporate tax rate cut instead. Poor babies. Here's what he told Bloomberg News:
"We will not have any more bailouts, carveouts, handouts or special deals. We will reduce the corporate tax rate from 35% to 15%. We will get rid of all the deductions, credits, or exemptions, and you will compete not based on your connections to a congressman, but connections whether you can convince consumers if you have a good product. If you cannot do that, you should not be in business.
Two suits talking.
Wow. It's going to be tough out there. Better bring ointment to treat the burns.