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Paul Krugman @paulkrugman

Exactly. Most tax models assume that the corporate tax indirectly reduces wages; but that's not the same thing as saying that it's a tax on workers. And the experience of the 2017 tax cut should lead us to question how much incidence on workers there really is 1/ — PolitiTweet.org

Dear @jonkarl, The reason that @TaxPolicyCenter shows a small increase for middle-income families is ENTIRELY beca… https://t.co/zVMQCjzYc3

Posted Oct. 11, 2020

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Paul Krugman @paulkrugman

My guess is that a significant number of Trump supporters will react with rage — and some with violence. Just one more thing to think about as the decision approaches 3/ — PolitiTweet.org

Posted Oct. 11, 2020

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Paul Krugman @paulkrugman

The point is that the channel through which corporate tax cuts are supposed to raise wages is tax cut -> higher investment -> higher capital stock -> higher demand for labor. But the TCJA, as far as we can tell, had no effect on business investment 2/ — PolitiTweet.org

Posted Oct. 11, 2020