corrente

I know, there were so many. But the subchapter S cheap shot was the lowest of the low. The Amazin' Froomkin quotes Ragout:

Bush frequently makes the same claim on the campaign trail, praising small businesses as "job creators," and charging that Kerry's plan will raise their taxes: "Ninety percent of small businesses pay tax at the individual income tax rate, because they're either subchapter-S corporation or a sole proprietorship."

So it was more than a little hypocritical when, later in the debate, Cheney charged that Edwards had used a "special tax loophole" to avoid taxes during his days as a lawyer. The loophole? Incorporating under subchapter-S, of course!

In their stump speeches, subchapter-S corporations are virtuous job creators, but when their opponent starts a perfectly typical corporation of this type, he's a tax dodger. What a cheap shot.
(via Ragout)

Silly. It's only right to become Subchapter S if you sign a loyalty oath and show up at a torchlight parade for the Partei! IOKIYAR!