Trump’s corporate tax cut: a supply-side shot in the arm
A study last year by The R Street Institute noted that “some studies suggest that as much as three-fourths of direct corporate income-tax costs are borne by a firm’s workers.”
High corporate tax rates are also why many big American companies are undergoing “inversions” — merging into a foreign company, then relocating their headquarters to the foreign country to avoid super-high U.S. taxes.
