Today's Editors' Choice
- Ed Feulner: A Tax Cut for All Americans
- Larry Elder: The National Anthem Protests — Do Facts Matter?
- Victor Davis Hanson: How Silicon Valley Turned Off the Left and Right
To view all of today's opinion, click here.
Opinion in Brief
Ed Feulner: "Government scorekeepers such as the Joint Committee on Taxation and the Congressional Budget Office are telling [lawmakers] most of the benefits of cutting corporate taxes go to owners, not workers. At least 10 separate economic studies show this isn't true — that at least 75 percent of corporate taxes is passed on to workers in the form of lower wages. But the CBO and the Joint Committee insist it's the other way around. Why? Because they're not really accounting for how a corporate tax cut would help lower-wage workers. According to [tax expert Adam] Michel, a 20-point cut in the corporate income tax rate, from 35 percent to 15 percent, could boost the relative market incomes of the poorest Americans by 2.4 percent. That would mean $365 for a household that earns $15,000 a year. And let's not forget what it would mean for the economy as a whole if we make it financially attractive for businesses who have gone abroad to return to the U.S. Think of the jobs they could contribute, and the economic boost that would result. The fact is, we all pay the corporate tax. And we all have a stake in seeing it cut. Let's ignore the naysayers — and get it done."
