Just what are all these loopholes anyway? Everyone always throws this term out. It is like that "they" thing. I have yet to see one simple example and analysis of this. And as someone who studied tax in depth while in my Master of Law in Taxation, I never heard of this...not in any class. For all anyone knows, this is a myth. And you know what? It is:
http://www.factcheck.org/dnc_ad_says_bush_lost_manufacturing_jobs.html