Billy spills the beans: (corporations don't need their tax rates cut after all)

Republicans are not only looking to cut the corporate tax rate, but they have been pushing to open a permanent tax loophole by switching to what’s known as a “territorial” corporate tax system, which would mean that corporations could permanently park money offshore and never pay taxes on it. The Republicans have also endorsed a misguided push to give corporations a tax windfall worth tens of billions of dollars through a tax repatriation holiday.