Not to mention the fact that raising the corporate tax rate (as opposed to the personal tax rate) gives corporations two choices.
The first option is take the hit which cuts into their profits. Doing this passes the pain on to stockholders. Boo-hoo, the liberals say, who cares about the fat cat stockholders. The problem is that stockholder are ANYONE that has a dime in a 401K or retirement account, not just the fat cats.
The other option, in order to keep the same profit margin, raise prices.
So, even though he's not raising taxes on those making under $400k, his tax policies are sticking it to the middle class. This is only part of the reason that we're seeing inflation starting to take off.
Caption this Meme
