0%, with raises to capital gains to offset the tax revenue, would be better, but I can understand it's politically infeasible (because people are ignorant). Better than nothing.
Yeah, to me it seemed to make much more sense to get rid of corporate taxes entirely, and then just tax all dividends and capital gains at income tax rates. Is there an economic (as opposed to political) reason this is a bad idea?
Might raise too little revenue. But in general, if you want to tax capital, you should tax capital, rather than taxing companies (which do a pretty good job of offloading tax incidence onto labor.)
