Statement on Trump’s Tax Plan
April 26, 2017
Trump’s proposal to cut corporate tax rates won’t boost growth or create jobs. In fact, it will discourage corporate investment, as corporations and their shareholders earn even higher profits and pocket more of the cash–just like they did last time we tried a big corporate tax cut. If Trump wants to encourage investment, he should close loopholes that CEOs exploit to move profits offshore and increase the effective tax rate on corporations, their CEOs, and their shareholders.