As
many experts have pointed out, corporate tax cuts passed by Congress and signed into law by President Ronald Reagan in the 1980s did not turbocharge wages or investment. Similarly, a series of corporate tax cuts in the last 10 years or so by
Labour and
Conservative governments in Britain — to 19 percent, from 30 percent — did not produce a boom in wages or investment. In fact, wages grew faster in the United States,
according to an article on Vox by Kimberly Clausing, an economics professor, and Edward Kleinbard, a law professor.