Congressional Republicans and the Trump regime say passing massive tax cuts for corporations will trickle down to the little people who work for corporations.
There's virtually no reason to think that will happen as it has never happened in the past and, moreover, the Treasury commissioned a study in 2012 that found employees cover approximately 18 percent of the cost of corporate taxes.
But Treasury Secretary Steve Mnuchin says employees actually cover 70 percent of the cost of corporate taxes and the Treasury study from 2012 has been disappeared.
From the Wall Street Journal:
The 2012 paper from the Office of Tax Analysis found that workers pay 18% of the corporate tax while owners of capital pay 82%. That is a breakdown in line with many economists’ views and close to estimates from the nonpartisan Joint Committee on Taxation and Congressional Budget Office.
The JCT, which will evaluate tax bills in Congress, estimates that capital bears 75% of the long-run corporate-tax burden, with labor paying the rest. [...]
Asked about the paper’s disappearance, a Treasury spokeswoman responded Thursday: “The paper was a dated staff analysis from the previous administration. It does not represent our current thinking and analysis.”
In her response, she said that “studies show that 70% of the tax burden falls on American workers” and that a “lower corporate rate, as proposed in the [GOP tax] framework, will generate the incentives needed to increase productivity and wages, as well as create jobs.”
"It does not represent our current thinking."
This isn't funny but, at the same time, I couldn't help but laugh my goddamn ass off at the claim that "studies show" workers cover most of the cost of corporate taxes after deleting a study that literally says the opposite.
This isn't a matter of political perspective or "current thinking," it's mathematics. It's empirical reality and evidence versus magical thinking.