This brings up a few interesting points (don't shoot the messenger).  I, for one, did not realize US corporate income taxes were so high.  I assume the idea would be to lower the rate, attract or retain more business (aided by the now-weaker dollar) and then take in a larger overall amount in taxes.

And never mind the Obama/Ted Kennedy comparison in the title.  It was the hook to get people to click the link.

http://news.yahoo.com/s/usnews/20080506/ts_usnews/obamareallyistedkennedyesque