Strictly speaking, that's partly what he said (IE. The tax rate is much higher, however loopholes means they end-up with much less tax in the end). Lowering the

Strictly speaking, that's partly what he said (IE. The tax rate is much higher, however loopholes means they end-up with much less tax in the end). Lowering the tax rate could still result in companies overall paying more tax if tax breaks are removed.