Matt Gardner

Matt Gardner is a senior fellow at the Institute on Taxation and Economic Policy, a Washington-based think tank focusing on federal and state tax reform.

Recent Articles

The Big Tax Lie: Corporations Should Stop Complaining About Taxes They Rarely Paid

The new tax law hurts most workers and the country in the long run, while companies continue to reel in huge profits without creating jobs or paying their fair share.

(Photo by Albin Lohr-Jones/Sipa USA via AP Images)
(Photo by Albin Lohr-Jones/Sipa USA via AP Images) A demonstrator holds a sign at a rally in opposition to the Republican tax bill in New York City on December 2, 2017. S ince the $1.5 trillion tax cut pushed through by Congress and President Trump took effect in January, dozens of big corporations have engaged in a public relations blitz designed to convince middle-income families that they’ll benefit from the new law. Companies from AT&T and Boeing to Walmart and Wells Fargo have announced one-time employee bonuses or minimum-wage hikes, and have strongly implied that they simply couldn’t have made these worker-friendly moves before the new tax law chopped the 35 percent corporate tax rate nearly in half. This slick corporate sales pitch is a sensible response to a new tax bill that is among the most unpopular tax plans in recent memory , largely because middle-income families understand they were at best an afterthought for the legislation’s authors. But these corporate claims...