The corporate income tax is an 'indirect tax' to individuals since it is passed on to the consumer in the product cost.
It is a significant contributor to lobbying efforts contributing to 'cronyism' and barriers to competition.
It is totally corrupt as demonstrated by an 'effective rate' nearer 12% versus the stated rate of 35%.
It contributes less than 10% of total tax revenue.
Without the corporate tax, treating capital gains, interest and dividend as 'ordinary income' would be viable since it eliminates the current 'double taxation' of those payments.
U. S. products would become more competitive on the world market.
Competition would be encouraged.
Jobs would be created in the U.S. since it would now be the 'preferred' home for business when taxes are a major concern