Corporate tax rate increased from 10% to 12%.
Let's play a little math game. A change of 2% incrementally is an increase of 20%.
Let's say the corporate tax was 1% and it was raised to 2%. It's a 100% growth!!! What are corporations going to do!!!???!!!
Point being....20% increase is misleading....its only a 2% incremental raise. Depends on how you look at it. It's not the end of the world.
Just depends on how you look at it and which media outlet is printing the headline.
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