Source: Wonky Thoughts: Corporate Taxes and the 2017 Republican Tax Reform Plan, by Doug Robbins
- American corporate taxes are *not* “among the highest in the world”.
- Corporate taxes have fallen as a percent of GDP from before the 1970s to after the 1970s.
- American economic growth has been declining since World War II.
- Wages have declined since World War II, as a share of gross domestic income (or similarly, GDP).
- Corporate profits have soared since the 1980s.
- Lower corporate taxes do not lead to higher economic growth or higher wages. Lower corporate taxes lead to higher corporate after-tax profits.