The Treasury Department has removed from its website a 2012 economic analysis that found the burden of corporate taxes primarily falls on business owners and shareholders, not workers, undermining a key argument by Treasury Secretary Steven Mnuchin and Republicans that their tax plan's big tax cut on corporate income would primarily help workers. Most mainstream economists broadly agree with the findings of the removed technical paper. A Treasury spokeswoman called the staff analysis "dated" and not representative of "our current thinking and analysis." The tax plan would cut the corporate rate to 20 percent, and cut the top personal rate to 35 percent; President Trump would reportedly save more than $1 billion.
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