Biology Lesson: Policy Proliferates Progeny The massive-and-still-growing tax bill gestating in the House Ways and Means subcommittee on Select Revenue Measures -- now in at least its third trimester -- may include not only AMT, EITC and, appropriately, a child tax credit, is hatching yet another embryonic idea: a corporate tax cut. According to yesterday's Wall Street Journal, Ways and Means chair Charles Rangel (D-NY) "is open to cutting corporate-tax rates if the lost revenue can be made up by eliminating existing provisions and loopholes used by businesses." But before an umbilicus, or a tax, is cut, a deal needs to be, since the quadruplet of cuts would have to comply with PAYGO. Carried interest wouldn't quint [sic] accomplish that on its own.