Thread by @ChuckCBPP

Conservative groups are likely going to pump out pieces that argue that the corporate tax rate increase is going to hurt the recovery & corporate lobbyists are going to pounce on these.
A few respectful requests for tax reporters and other debate participants to probe on these.

1.Where’s the evidence?

We just ran an experiment. The corporate tax rate was cut deeply. Where is the evidence it had any discernible economic benefit to go along with the scope and cost of the change? How do they explain this chart?:

For that matter, where is the evidence that U.S. multinationals had any problem competing before the 2017 tax cut? See after-tax profits as a share of GDP or how U.S. multinationals stacked up against peers before the tax cut. Where was the competitiveness problem?

2.What about where the money is going?
There are 2 sides to this equation. Corporate taxes are being raised and infrastructure, R & D, and things like the Child Tax Credit are proposed to be increased. One needs to wrestle with both. Where’s their case that this is a bad trade?

More on this trade: here’s one of the top economists in the country: “The impacts of the infrastructure programs are likely to be an order of magnitude larger than any disincentive effects from the taxes,” said Harvard University economist Raj Chetty.
wapo.st/3rNjzg4

3.Where is the acknowledgment on how U.S. multinationals (& shareholders) rely on the government?
Yes, goods are moved across roads, bridges, airports, and ports, but where would drug companies be without the NIH? Where would the tech sector be without civilian research & DoD?