Politics
The Real Winners in Trump’s Tax Plan
Corporations and the wealthy would come out ahead. Here’s the proof.
Felipe Castro holds a sign advertising a tax preparation office on April 14, 2010, in Miami.
Photographer: Joe Raedle/Getty Images
This article is for subscribers only.
To promote his tax plan, President Trump issued a statement listing its benefits for workers and families. A closer look shows that many of his claims don’t stand up to scrutiny.
“More than 70 percent of the corporate tax burden falls on American workers, according to a Congressional Budget Office analysis.”
That analysis dates to 2006. In 2012 the CBO updated its models and found that only 25 percent of the burden from corporate income taxes falls on workers. That year, a Treasury Department report put the figure at just 18 percent, revised to 19 percent in 2015.