NYMag: Bernie Sanders's BEZOS Bill Would Hurt the Working Class, Not the Rich

[ehrnst]

194. You seem to be unaware of a few things that Gunnels is counting on you not knowing

They are very reputable:

(Yes, I know that Harvard is very, very "establishment.&quot

https://www.cbpp.org/about/finances

And that you won't know about how reputable think tanks work in terms of donors. Donors give money because they want to support the work that a think tank is doing.

Perhaps you can tell me how these CBPP analysis promote Walmart's business goals?

Corporate Tax Cuts Mainly Benefit Shareholders and CEOs, Not Workers


The tax framework that the Trump Administration and congressional Republican leaders announced on September 27 proposes cutting the corporate tax rate from 35 percent to 20 percent. Treasury Secretary Steven Mnuchin has repeatedly argued that the Administration’s “objective” for corporate tax cuts is boosting workers’ wages because “many, many economic studies show that more than 70 percent of the burden of corporate taxes are passed on to the workers.” This claim is misleading, however, and the assertion that most of the benefits would go to workers misses the mark. The evidence indicates that most of the benefits from a corporate rate cut would go to those at the top, with only a small share flowing to low- and moderate-income families. Mainstream estimates conclude that more than one-third of the benefit of corporate rate cuts flows to the top 1 percent of Americans, and 70 percent flows to the top fifth. Corporate rate cuts could even hurt most Americans since they must eventually be paid for with other tax increases or spending cuts.[1]

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https://www.cbpp.org/research/federal-tax/corporate-tax-cuts-mainly-benefit-shareholders-and-ceos-not-workers

Reform Prevents Corporations from Hiding Profits in “Tax Haven” Subsidiaries

To avoid state corporate income taxes, a number of large, multistate corporations have devised strategies to move profits out of the states in which they are earned and into states in which they will be taxed at lower rates — or not at all. They do this by creating subsidiaries largely or solely as tax shelters in “tax haven” states like Delaware and then artificially shifting funds to them in the form of royalties or rent.

For example, Wal-Mart has transferred ownership of all of its stores to a Wal-Mart subsidiary. In most states, this enables Wal-Mart to deduct the “rent” it pays the subsidiary (i.e., the rent it pays itself) from the income that is subject to state corporate taxes. The subsidiary receiving the rent isn’t taxed because it qualifies as a tax-exempt “Real Estate Investment Trust” under federal and state law.

Strategies like these cost states billions of dollars in revenue, forcing individuals and small businesses — which lack the resources to exploit the loophole — to pay higher taxes than would otherwise be necessary. They also give multistate corporations an unfair tax advantage over in-state corporations and smaller businesses.

https://www.cbpp.org/blog/house-gop-shouldnt-again-shortchange-working-families-with-20-tax-plans-child-credit

https://www.cbpp.org/press/press-releases/press-release-several-states-considering-closing-major-corporate-tax-loopholes

https://www.cbpp.org/press/statements/greenstein-house-republican-tax-proposal-repeats-flaws-in-2017-tax-law

https://www.cbpp.org/research/federal-tax/indexing-capital-gains-for-inflation-would-worsen-fiscal-challenges-give


The CBPP had done more for the poor than any politician because they are a source for reliable data, and they have lasted and gotten support because of it. They are more reputable than any politician who dispute them, (which until now have been GOP), especially during a campaign to get elected.

https://www.cbpp.org/about/mission-history

Just because a think tank/fact check/analysis isn't skewed your way doesn't mean they are skewed against you.

That's a right wing talking point, and it's sad to see it here on DU. But unfortunely not surprising....