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Read your post with interest and have given some thought to your question.
First, with respect to the 'Enterprise Zone' question: They can be successful (I've seen limited success with them) on a limited basis when the tax reduction/abatement/limitation is restricted to property tax (from what I've seen). When such a reduction extends to business income tax it appears to be a different matter which I will address below.
Across the board corporate tax reductions, in theory, encourage entrepeneurial activity. The problem with that is that when Reagan pressed for and got it through Congress in the 1980's big business did not engage in such activity. They engaged in business acquisitions with the cash gained.
Moreover, and I'm not trying to get into a point/counterpoint debate either, as was demonstrated in the 1980's a massive tax reduction balloons the deficit. Yeah, the 80's were a boom but 1) it was done on a credit card and 2) much of it was as a consequence of a massive defense build up.
My 2 cents, adjusted for stimulus.
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Butch
Extremist Moderate
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