Yay! More Tax Cuts!

This time — for corporations!

President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure.

Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut.

Wow, it’s been — what? — two nanoseconds since BushCheneyCo did something nice for corporations! Wouldn’t want corporations to feel overlooked.

I think it’s special that WaPo’s Peter Baker presents this as a fresh plan to cut taxes. Favors for corporations certainly seem fresh if it’s Groundhog Day.

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4. Baucus Bill Automatically Cuts Exchange Subsidies to Avoid Early Year Deficits
5. The Max Tax: Baucus’ Plan Would Benefit Big Med and Shackle the Middle Class