How else would Americans be affected by higher corporate tax rates?

Global capital markets drive investment funds to countries where they can earn the highest after-tax return. Higher U.S. corporate taxes would cause U.S. investment to fall and reduce the demand for U.S. jobs, resulting in lower wages. According to one assessment from the non-partisan staff of the Joint Committee on Taxation about 25% of a corporate income tax hike would be paid by employees through lower wages. Other analyses find the corporate income tax results in a much larger reduction in wages, with low-skilled workers bearing a disproportionately large reduction in their wages. A 2016 analysis from the Treasury Department concluded the corporate income tax imposes a greater burden on the poorest half of Americans than the individual income tax. The analysis also found that families earning less than $379,371 bear more than half of the cost of the corporate income tax.