Mother Jones: There’s a Flurry of Studies Trashing the Democrats’ Tax Agenda. They Have Corporate and GOP Dark Money Ties.
It’s no surprise Republicans hate the taxes President Joe Biden has proposed to pay for his sweeping economic agenda. According to House Republicans, the White House’s proposal to raise the corporate tax rate from 21 to 28 percent “cuts employment” and “slows economic growth,” thus “harming U.S. economic competitiveness and increasing the cost of investment in America.” To make their case, Republicans come bearing receipts: a 2021 study from the Tax Foundation, the self-described “leading independent tax policy nonprofit.”
“Corporate interests will say or do anything to preserve the broken status quo, including lie to families that overdue investments in childcare, education, and climate change are somehow not in their interest,” says Kyle Herrig, the president of Accountable.US, a government watchdog group that researched these ties. “These studies are all about manufacturing excuses to do nothing and avoid paying their fair share.”