President Joe Biden has repeatedly stated that he’s going to raise corporate taxes to pay for his progressive programs.
Biden’s Build Back Better program includes $1.85 trillion in spending and “up to” $1.995 trillion in revenue, including taxes on large corporations and the wealthy.
But who actually pays corporate taxes? Hint: it isn’t the corporations.
When Biden says he’s going to raise taxes on corporations, what he’s really saying is he’s going to raise taxes on you and me.