President Donald Trump and congressional Republicans are planning to cut trillions of dollars in corporate taxes. They say that lowering taxes on businesses will spur investment, raise wages, and create jobs. Let’s look back at a recent corporate tax cut to see how their claims stack up and find out where the money really went.
Alexandra Thornton is the senior director of Tax Policy for Economic Policy at the Center for American Progress. Seth Hanlon is a senior fellow focusing on federal tax and budget policy at the Center. Andy Green is the managing director of Economic Policy at the Center. Andrew Satter is the director of Video at the Center.
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