Here is the argument why corporate tax rates should be as low as possible.
High corporate tax rates discourage investment.- Less investment reduces worker productivity.
- Lower rates of productivity result in lower wages.
In an ideal world, there would be no corporate income tax (or any income tax).
But I’ll gladly accept any movement in the right direction, which is why the reduction in the corporate tax rate was the crown jewel of Trump’s 2017 tax plan.
The bad news is that Biden wants to undo much of that progress.
Today, let’s look at some new academic evidence on the issue. A new study from the National Bureau of Economic Research, a
We use…post-WWII U.S. data on output, taxes, productivity…
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Utopia, you are standing in it! 
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