Cut the corporate income tax rate to 18 percent
What the document says“The corporate income tax rate should be reduced to 18 percent.”
The chapter calls the corporate income tax the most damaging tax in the system and says its primary economic burden falls on workers because capital is more mobile than labor.
What the document actually says“The corporate income tax rate should be reduced to 18 percent.”
That sentence, in plain words
Cut the tax on company profits to 18 percent.
What this is about
Firms pay tax on their profits. The book says that tax hurts workers most. It wants the rate cut to 18 percent.
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