'Corporate Tax Loopholes' and the Fiscal Cliff

Closing "corporate tax loopholes" sure sounds good to the average, non-corporate American -- so good, in fact, that politicians talk about it all the time. House Speaker John Boehner's fiscal-cliff proposal purports to raise $1.6 trillion in revenue by "clos[ing] special-interest loopholes and deductions while lowering rates." The White House, meanwhile, has complained that Boehner hasn't offered specific loopholes to cut. On the other side of the aisle, House Democrats have repeatedly...Full Story