[douginthearmy]

That's because he actually wants one or more of the following:

• A loophole in the new legislation that will give him an even better tax rate
• Crony capitalist kickbacks and contracts for supporting socialism
• Onerous taxes that hurt his competitors more than him
• Onerous taxes that may cost him a little money but effectively prevent any new guys on the block
• Free Advertising

[Vermont Lt]

Can we abolish the use of the term loophole?

What we really mean is that a part of the tax code was written to allow [fill in the blank].

When we use the term loophole the suggestion is that it something unethical, illegal, or misused. The people who save taxes based on these regulations are just following the law. Nothing more or less. And, in fact, if a corporation did not use every deduction or exemption the managers and officers would be negligent in their fiduciary responsibility.

This is why we need to fix the regs, not get angry at people who follow them.