VIDEO: JCT Confirms Dem Corporate Tax Hike Hits Workers

Today the Joint Committee on Taxation confirmed that corporate tax rate hikes diminish the wages of workers. Testifying before the House Ways & Means Committee, JCT Chief of Staff Thomas A. BartholdĀ said:

“Literature suggests that 25% of the burden of the corporate tax may be borne by labor in terms of diminished wage growth.”

Congressman Mike Kelly (R-Pa.) then asked, “Who is going to bear the brunt of this [Democrat corporate income tax hike]?

Barthold replied:

“Labor. Laborers.”