Let me ask you something. With across-the-board corporate tax cuts, are they not picking winners and losers? By that I mean sectors of the economy that some would argue are already quite overheated, such as the commodities sector, the oil and gas sector in particular, which then benefits spectacularly from tax cuts and is a winner. Then you have some parts of the manufacturing sector that are not profitable right now because of the high dollar, plus some other problems they have. They do not have taxable income and therefore do not benefit from across-the-board tax cuts. So is the government not picking winners and losers with this policy?
On November 28th, 2007. See this statement in context.