Did corporate tax cuts increase wages?
Tax cuts on profits do have immediate effects on income distribution. A reduction in profit taxes boosts the profits on already invested capital without necessarily increasing future investment, thus benefiting private capital while showing little to no benefits for wage-earners
Tax cuts on profits do have immediate effects on income distribution. A reduction in profit taxes boosts the profits on already invested capital without necessarily increasing future investment, thus benefiting private capital while showing little to no benefits for wage-earners
