I'm not in favor of higher taxes for anyone really, but the fact is, we've spent ourselves into a mess and no one is willing to pull the plug on grandma,the Pentagon, the War on Whatever, socialized medicine (which we've had in many ways for years) or a thousand other programs. David Stockman didn't buy the BS and neither does Warren Buffet. Dropping corporate taxes might help - but there is still going to be a big disparity between doing business in places like China and India vs. the west. It cracks me up when people complain about government regulation of business, and then say' "that's why they're all moving to China" LOL. We'll see how that works out in the long run...or our kids will.
It's been long time since I read Atlas Shrugged (which I need to do again), but the Hank Reardons of 2011 would likely take the tax break, while continuing to make products with slave labor in China, buying 20 mansions around the globe, stashing cash overseas, cutting checks for Lush Rumbaugh, buying up the forfeited property lost by folks on the scam investment tools their companies created, or sold, and laugh at the "little schmucks" who think their work has value.