Fresh from several disappointing early voting contests, Republican presidential candidate Rudy Giuliani announced a plan to cut corporate business taxes from 35% to 25% as a way of stimulating the economy. It is difficult to know whether this is a serious policy issue for Giuliani or merely an attempt to get some attention to help his presidential campaign. But current Republican front runner Senator John McCain has also jumped on board Giuliani's proposal, so perhaps the issue will gain brief traction as the nomination circus continues.

Corporate tax cuts are not an automatic economic booster. In theory, reducing corporate tax rates leads to more productive corporate activity, which leads to higher profits. This in turn should lead to higher profits resulting, down the road, in higher tax revenues. Lower taxes on the front end in order to get back higher tax revenues in the longer term. Except that often, the longer term necessitates its own tax manipulations.

Reducing corporate taxes may seem like a good idea to a candidate looking for industry support. But at a time when some American companies are notching record profits and American consumers are being slammed with rising energy and fuel prices, tax breaks for corporations that are outsourcing or shedding jobs right and left will not earn a candidate many votes. Ultimately, it's voters who pull the lever.

Friday's Wall Street Journal talked about the efforts Democratic Presidential candidates are making to gain favor with some of the blogosphere's most prominent Democrats. Yes, ladies and gentlemen, blogs really are that influential nowadays. Senator Hillary Clinton has even sent her communications director on television to support Daily Kos, a liberal blog that has been highly critical of her campaign.

This got me to thinking: How much longer before lowly business bloggers like me can make an impact on corporate America? I've always wanted to launch a campaign against incompetent management at a company, and use the power of blogging to effect change. I've made several attempts at this here at BloggingStocks, but didn't generate much interest.

I believe that the internet, social networking, and blogging could be the catalysts for tremendous positive change in corporate governance -- something that I would argue is severely lacking at the majority of America's publicly-traded companies. I know of several small, grass-roots efforts that have generated some waves, but nothing major ... yet.

I believe that our day is coming though. Does anyone else here think bloggers are perfectly positioned to take on greedy and lackluster management?