“but the reality is that increasing the corporate income tax hurts the very people those services are meant to help”

Tax.edu:

  • Corporate income taxes make it more expensive for businesses to invest in technology and equipment that can increase efficiency, produce more product breakthroughs, and generate higher revenue – all things that enable companies to increase wages through raises, bonuses, and promotions, and to create new jobs.
  • Studies show that higher corporate taxes reduce wages most for young workers, the low-skilled, and women, groups that already face significant barriers to working, like limited transportation or high childcare costs.
  • Many economists, including those at the Organisation for Economic Co-operation and Development (OECD), agree that the corporate income tax is one of the most harmful and least efficient ways to fund our priorities.

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