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Friday, June 12, 2015

CBO: workers bear the costs of high corporate taxes

Workers "[bear{ slightly more than 70 percent of the burden of the corporate income tax. The domestic owners of capital bear slightly more than 30 percent of the burden," according to this CBO report.

According to this study by nber, "workers in a fully unionized firm capture roughly 54 percent of the benefits of low tax rates." So, cutting these taxes actually benefits the worker, not the company.
So, I say, lower corporate tax rates--not for the rich, but for the worker!

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