He proposes lowering overall rates by cutting corporate welfare to favored industries - keeping the tax collected roughly the same. The reason he doesn't simply remove the loopholes is that he would like to see the recession recede and more people hired.
No! You mean firing government workers increases unemployment? Whoda thunk it?
And not borrowing and spending a trillion dollars lowers the GDP in a 14 trillion economy? How amazing that no one ever thought of this before. Well spotted, Mitt!
Pretty hard for outsiders to save a country from itself. If they could, the only reason to start with Somalia (as opposed, say, to Zimbabwe or North Korea) is that the Somalis might be almost too weak to mount an effective resistance.
You've heard of "Disgusted, Tunbridge Wells"? Well, I live in Holland Park and I've Had It. Up to here! An old curmudgeon, I rant and rave about things I read, see or hear in the News. Frequently sarcastic, irreverent and libertarian; often wrong - but never uncertain.