Corporate Tax Cuts Mainly Benefit Shareholders and CEOs, Not Workers
August 21, 2017
August 21, 2017
WASHINGTON, Aug. 21 -- The Center on Budget & Policy Priorities issued the following news release:
President Trump's tax plan proposes cutting the corporate tax rate from 35 percent to 15 percent. Treasury Secretary Steven Mnuchin has repeatedly argued that the Administration's "objective" for corporate tax cuts is boosting workers' wages because "many, many economic studies show that more than 70 percent of the burden of corporate taxes are passed on to the worke . . .
President Trump's tax plan proposes cutting the corporate tax rate from 35 percent to 15 percent. Treasury Secretary Steven Mnuchin has repeatedly argued that the Administration's "objective" for corporate tax cuts is boosting workers' wages because "many, many economic studies show that more than 70 percent of the burden of corporate taxes are passed on to the worke . . .