Benefit to me? I think not. I don't work for corp america, at least not in a way that particular loophole benefits me.
And at the time that stuff was happening, my company was making the big bucks, and screwing the employees with paycuts anyway. Sure, that particular loophole went into the mix of what they were making vs what they were willing to pay out to the employees, but don't pretend it is a major thing.
Pay is determined by what the market will bear, NOT what the sales cost of your products is. Profit is in between, and it is up to the execs to keep it for the investors if possible.