LOWER CORPORATE TAXES???

Kevin Drum linked to this NY Times article that provides an interesting breakdown of effective corporate tax rates:

One reason for the disparity is that the higher taxed industries can't just move overseas:

[L]ow effective tax rates are common in industries like pharmaceuticals and computer equipment where it is easy to shift technology and manufacturing to low-tax jurisdictions. In industries where customer markets and the provision of services are largely domestic, the opportunities for reducing taxes through cross-border profit shifting are limited.