Is the Corporate Income Tax Regressive?

Policy Reports | Taxes

No. 336
Thursday, September 22, 2011
by Laurence Kotlikoff

In a recent Iowa speech a heckler yelled at former Massachusetts Governor Mitt Romney to raise corporate taxes. Romney replied, "Corporations are people, my friend." He quickly clarified that statement to indicate that corporations are people because they are owned by people and that when you tax corporations you are taxing people -- people who own corporations.

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