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REPORT: Corporate Tax Hike Eliminates 159K Jobs And Reduces Wages

Tag: Research

REPORT: Corporate Tax Hike Eliminates 159K Jobs And Reduces Wages

February 24th, 2021

The Tax Foundation: “We estimate that this would reduce long-run economic output by 0.8 percent, eliminate 159,000 jobs, and reduce wages by 0.7 percent. Workers across the income scale would bear much of the tax increase. For example, the bottom 20 percent of earners would on average see a 1.45 percent drop in after-tax income in the long run.”  […]

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