However, in our modeling of the American Jobs Plan, which included about $1.7 trillion in infrastructure spending as well as a higher corporate tax rate of 28 percent among other tax increases, we found that plan would on net reduce GDP by 0.5 percent and cost more than 100,000 jobs.[4]   The negative impact of corporate taxes on economic growth is well-documented.[5] An OECD study examining data from 63 countries concluded that corporate income taxes are the most economically damaging way to… [read post]