CNN: Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much

“They care a lot less what the rate is than they do with their ability to continue to reduce their taxable income,” said Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy (ITEP), a nonpartisan think tank. “Of all the things Biden administration might try to push through, raising the corporate tax rate might be the one that hurts them the least.”

And that’s why those who advocate for raising the amount that corporations pay say it’s important that any tax law passed by Congress does more than just change the corporate tax rate. It must increase how much income is subject to taxes versus how much is sheltered from being taxed.

“Increasing the tax rate would be a tragically incomplete way of repairing that,” said Gardner. Read more