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The Scorpion, the Frog—and Biden

When corporate taxes are raised, the money corporations have to pay has to come from (a)

the employees (who will get paid less), (b) the customers (who will have to pay more for the corporation’s product or service), and/or (c) the owners of the corporation, i.e., the stockholders (many of whom depend on the corporation’s growth for their retirement). Economists disagree on exactly how much each group pays, but everyone admits that both stockholders and workers (i.e., everyone) bear a portion of the cost.

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