Did corporate tax cuts increase wages?
Tax cuts on profits do have immediate effects on income distribution. A reduction in profit taxes boosts the profits on already invested capital without necessarily increasing future investment, thus benefiting private capital while showing little to no benefits for wage-earners
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Tax cuts on profits do have immediate effects on income distribution. A reduction in profit taxes boosts the profits on already invested capital without necessarily increasing future investment, thus benefiting private capital while showing little to no benefits for wage-earners
