This is the Tom Harbin Program.

And greetings, my friends, patriots, lovers of democracy, truth and justice, believers

and peace, freedom in the American way.

Tom Harbin here with you, it's a lot going on.

My rant today over on HarbinReport.com is all about, well, it's addressed, you know,

dear Joe Manchin, you want American business to invest in West Virginia, raise their corporate

income tax rate.

And to that topic, Charles Sowers on the line, well, this is the Libertarian Economist,

the president of the Market Institute, the author of the book, ProfitMotive, what drives

the things we do, MarketInstitute.org is the website and Charles Sowers spelled S-A-U-E-R

at Charles Sowers is his Twitter handle.

Charles, welcome back.

So what's not the love about a corporate tax rate that encourages investments in higher

wages?

What am I missing here?

Well, you're missing all of the actual economics that go into the corporate tax rate.

First and foremost, it's a tax on labor.

This is, comes out of the pockets of labor.

The best estimates put it at 20 percent and that's from the tax policy center.

The Congressional Budget Office says it's 25 percent and Larry Kotlakoff says it's

likely 100 percent of corporate taxes come from the pockets of labor.

And that means that you're not like just hurting the big businesses here.

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