Make Your Taxes Disappear!* | Mother Jones
*Offer limited to cruise ship owners, shopping mall developers, ceiling fan importers, natural gas distributors, and other corporations with suitable K Street connections. —By Michael Scherer | March/April 2005 Issue 4 Orla /Shutterstock Editor's Note: For perspective on the debate over tax cuts and deficit fixes, a classic case study of how the tax code became a slush fund for corporate America. IN A SEASON OF campaign rallies and million-dollar ad buys, President Bush opted for one decidedly understated ceremony. On October 22, just 11 days before the election, he boarded Air Force One to sign $137 billion in new tax breaks for corporate America, one of the largest industry giveaways in two decades. This was his fifth major tax cut, but this time there was no glad-handing, no photo op—just a one-sentence press release. The president had nothing to brag about. His signature expanded exactly the sort of tax avoidance he had railed against a