Publications

One-Pager No. 67 | June 2021

Should Corporate Tax Hikes Be Included in Biden’s “Build Back Better” Plans?

President Biden has proposed pairing his American Jobs Plan with an increase in federal corporate income taxes. Leaving aside the issue of whether any tax increases are needed to “pay for” the plan, Edward Lane and L. Randall Wray assess the proposed corporate profits tax hike in terms of its ability to meet two objectives: (1) fighting potential inflation that might result from the new Jobs Plan (and all the other relief and stimulus plans enacted), and (2) taxing the rich to reduce inequality. They argue the federal corporate income tax is far less effective at combating inflation and inequality than what many might think, and propose replacing corporate taxation with taxes on individuals that would ensure the burden is mostly imposed on high earners.

Related Publications


Publication Highlight

Working Paper No. 1007
School Performance and Child Labor
Evidence from West Bank Schools
Author(s): Sameh Hallaq, Ayman Khalifah
May 2022

Quick Search

Search in: