US businesses would still pay less than foreign companies even if some Trump tax cuts are repealed

U.S. businesses say they bear a heavier tax burden than overseas rivals. My story shows this is not true and that even if all Biden’s planed tax hikes happen, U.S. companies will likely still pay less tax than competitors in France, Japan, Germany, Korea.. https://t.co/8WJi3grbUE

— Tom Bergin (@tombergin_News) June 22, 2021

Republicans say Biden shouldn't increase corporate taxes, even though corporate taxes now account for just 7% of federal revenue. In the 1950s, they accounted for 35%.

— Robert Reich (@RBReich) April 27, 2021

In 1952, corporate taxes were 32 percent of federal revenue; in 2013 that share was down to 10 percent. By 2019, corporations contributed only 6.6 percent of federal revenue.https://t.co/l5w5r38qFS

— Jennifer 'pro-voting' Rubin (@JRubinBlogger) April 26, 2021

A short history of corporate tax rates:

Reagan: 34%
Clinton: 35%
Bush: 35%
Obama: 35%
Trump: 21%

Biden's original plan: 28%
Biden's "compromise" plan: 25%

This is why Dems need to stop negotiating with themselves.

— Robert Reich (@RBReich) May 21, 2021