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For Those Who Think Corporations Should Pay More Taxes
Washington, D.C., March 30, 2021
Reminder for those who think "corporations should pay more" taxes:
Corporations ultimately don't pay taxes. People do! What you're asking for will ALWAYS come from either:
Customers paying higher prices
Employees receiving lower wages
Investors earning less on their investment, which includes just about every American saving for retirement.
So when you hear about President Biden and Congressional Democrats trying to raise taxes on American companies, let's not pretend like those businesses are some magical, under-taxed source of revenue for the federal government. They aren't.
A tax hike on companies = a tax hike on people. That's the way it works - it's the ONLY place that money can come from.
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