Lower corporate tax rates fuel economic growth, helping businesses reinvest in their employees and communities. When Congress raises corporate taxes, it’s American workers, consumers, and retirees who bear the burden. Higher taxes mean fewer jobs, lower wages, rising prices, and shrinking retirement savings.
Job Growth
Job Growth
Higher taxes result in:
Lower Wages for Workers
A corporate tax hike doesn’t just affect businesses—it hits paychecks. Every percentage point increase in the corporate tax rate raises $192 billion, with 36.9% of that burden ($71 billion) falling on those earning less than $300,000 per year.
Higher Prices for Consumers
When businesses face higher taxes, they pass the cost on to consumers. For every $100 in increased corporate taxes, prices rise by $52—a direct hit to household budgets.
Weaker Retirement Savings
Higher corporate taxes shrink investment returns. With 58% of American families owning stocks—whether directly or through pensions and retirement plans—higher taxes mean lower dividends and declining share prices, putting retirement security at risk.
Smart Tax Policy Strengthens the Economy
By keeping corporate tax rates competitive, we can ensure businesses continue investing in innovation, job creation, and wage growth—benefiting workers, families, and retirees across the country.
