GOP corporate tax cuts benefit the wealthy, but could help workers too
The GOP tax plan framework, released last month, almost undoubtedly benefits the wealthy — and that's largely because of the corporate tax provisions. "It's not that this tax plan is a huge direct tax cut to rich individuals, it's that it's a huge tax cut to businesses, and those businesses are owned by rich individuals," said Marc Goldwein of the nonpartisan Committee for a Responsible Federal Budget.
Yes, but: Conservative economists emphasize that while the wealthy may directly benefit the most from corporate tax cuts, workers will ultimately benefit too from higher wages and more jobs. That's the argument that will really drive the debate when Congress considers the tax plan.