The Latest Take from Citizens for Tax Justice The American Jobs Plan would create jobs and shore up our communities with a bold $1.7 trillion investment in roads, bridges, clean energy, modernizing public buildings, manufacturing research and development, and home care (which our aging population increasingly needs), among other things. To partly pay for these critical investments, the president proposes raising the corporate tax rate from 21 percent to 28 percent. From the start, GOP leaders haven’t discussed the merits of the proposal, choosing instead to deflect and cling to a narrow definition of infrastructure while also trotting out hackneyed, disproven trickle-down arguments that seek to preserve tax cuts for corporations and the wealthy, even if it means increasing taxes for lower-income people. Continue reading... Read or share this story from your browser. For more Tax Takes, follow our blog on Medium.
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