A new study published by the National Bureau of Economic Research (NBER) finds the 2010 Citizens United Supreme Court decision did not, contrary to repeated claims by Democrats and progressive activists, enable corporations to buy favorable tax policies.
“Across all outcomes, we find no statistically or economically significant effects of independent political contributions on tax outcomes. For most tax rates, we find that we are able to reject tax increases and decreases greater than 10-20 percent,” stated the authors of the study.
“We place this estimate in the context of the large tax changes occurring in general during the studied period; we are able to reject effects on tax changes that are larger in magnitude than the average tax change implemented by states during business as usual,” the authors wrote….