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I've never meet a liberal in favor of loopholes and I've talked to a lot of liberals about taxes. Most liberals prefer a system more simple than we have now, myself included. I suppose I'm okay with a few small subsidies here and there, for things like green jobs and art, but for the most part, subsidies are about representatives paying for votes than it is about improving the American business environment.
The high tax rate thing has more to do with successful social democracies demonstrating in the real world that taxes higher than here in the US can be highly successful in creating a business-friendly environment that also has social programs that contribute further to economic and social stability. We see Canada and Denmark and Norway and Sweeden and Germany as being economically prosperous and it suggests a beneficial direction to take the United States in. It's disconnected from neoliberal economic theory simply because we've not really seen a successful example of the low-tax, small government economic powerhouse that the neoliberal theories promise. In fact, when the United States cut regulations and taxes, things actually took a turn for the worse.
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