If this were the case, congress would STOP CREATING TAX LOOPHOLES
today's tax incentive is tomorrow loophole or giveaway for the rich
Rich people aren't going to pay for laws that take their money. They're going to bribe politicians to create loopholes and shelters for them so they can keep their millions and sock it to the schmos making $50k.
Democrat voters are so mindless and cultlike that they completely ignore this even though it's right there and you don't even have to dig for it.