{"id":9450,"date":"2022-12-03T15:59:22","date_gmt":"2022-12-03T15:59:22","guid":{"rendered":"http:\/\/lonecandle.com\/?p=9450"},"modified":"2022-12-03T15:59:22","modified_gmt":"2022-12-03T15:59:22","slug":"the-relationship-between-taxation-and-u-s-economic-growth","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=9450","title":{"rendered":"The relationship between taxation and U.S. economic growth"},"content":{"rendered":"\n

\n\n“So, what did corporations spend their large tax cut on, if not wages or investment? Analysts at the International Monetary Fund find<\/a> that 80 percent of the corporate tax cuts were repurposed into stock buybacks and dividends, which overwhelmingly benefited wealthy shareholders.16<\/sup><\/a> And Lenore Palladino of the University of Massachusetts Amherst documents<\/a> that these corporate buybacks and dividends also widened the racial wealth divide, finding that White stock-owners hold $27 for every $1 in corporate equity and mutual fund value held by a Black or Hispanic stock-owner.17<\/sup><\/a><\/p>\n\n\n\n

The main effects of the Tax Cuts and Jobs Act were less government revenue and regressive tax cuts for corporations, wealthy shareholders<\/a>, and executives who bear nearly all<\/a> the burden of corporate taxes<\/a> even as the rate changes had little effect on business investment or workers.\u201d”<\/p>\n\n\n\n

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The relationship between taxation and U.S. economic growth<\/a><\/blockquote>