Thread by @ThePlumLineGS

Striking new data from @RonWyden:

* Just after Trump tax cut, corporate tax revenues as share of GDP dropped 40% below modern average

* Corporate tax revenues will be 25% lower than that average for next decade

The GOP position is crumbling. New piece:
washingtonpost.com/opinions/2021/…

@RonWyden Here's what the 2017 Trump tax cut produced, in two charts. This is what Republicans are eager to maintain:

washingtonpost.com/opinions/2021/…

@RonWyden Some GOP senators want Democrats to do a separate bill focused just on "real" infrastructure. But Republicans won't raise corporate tax rates to pay for it.

Some Democrats see this as a trap. I gamed out how this might work here:

washingtonpost.com/opinions/2021/…

@RonWyden "Republicans slashed corporate tax rates, which decimated corporate tax receipts. Corporations avail themselves of the benefits of the US economy — infrastructure, workforce and the like — but contribute little to it.”

@stevertax on @RonWyden's numbers:
washingtonpost.com/opinions/2021/…

@RonWyden @stevertax The Dem plan would rein in multinational tax avoidance, and higher tax rates would fall partly on corporate monopoly profits.

Shouldn't Republicans who pose as populist scourges of woke elite globalist corporate domination support doing these things?

washingtonpost.com/opinions/2021/…