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Politics : PRESIDENT GEORGE W. BUSH
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To: Bill who wrote (443599)8/15/2003 4:23:55 PM
From: wonk  Read Replies (1) of 769670
 
Of course, corporate dividends have been double taxed. But as I said, fix it by letting corporations deduct it as an expense, the same as interest on debt. That way the tax code will not favor debt-heavy over debt-light corporations.

Now we have the worst of both worlds:

The tax code does favor corporate debt over equity

and

The tax code more heavily favors one citizen over another.
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