Yes. Your way the government gives them the money to effect the bailout.
Flat gives the money to the super-wealthy. Which they then use to back insurance. And it's gone. As well as what regulation there is.
Rather than cut the taxes even further it might be best to use those taxes for a bailout and possibly have a return to the average schmuck.
Simply another way to transfer wealth to the super-wealthy. A transparent gimmick, I'm afraid.
Arf