The real reason Biden and the swamp want higher corporate tax rates

Published April 12, 2021 4:01am ET



Economists will tell you that hiking corporate tax rates doesn’t help the working class or middle class. Budget wonks will tell you that hiking the corporate rate won’t raise very much revenue. People who understand business and taxation will explain higher corporate tax rates mostly increase economic distortions by pushing corporations to structure their spending more around tax avoidance, effectively letting the tax code and politicians dictate business decisions.

Politicians will tell you, “That’s the point.”

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