What Everone Needs to Know About Obama's Costly Corporate Tax Cut, and How to Fix It:

[Ikonoklast]

15. If you lose your deduction for mortgage interest, but your tax burden is lowered from 35% to 28%,

having the effect of you paying the exact same amount in taxes, explain to me how that is a tax cut when the government collects the same amount in revenue.

It really isn't, is it, as far as you're concerned; the rate is numerically lower, but your exposure to tax liability remains essentially the same after losing your deduction for mortgage interest paid.

Lower rate, less deductions, and makes corporations go from paying *zero* in taxes due to huge loopholes, to paying their fair percentage.