A frequent argument for the GOP tax plan passed recently by the House and currently under review in the Senate is that cutting taxes on corporations will help working families and the middle class because it will create new jobs and raise wages.

The truth is, cutting taxes on corporations does neither of those things.

In fact, a study by the Institute on Policy Studies found that tax cuts on corporations tends to do one main thing: Increase CEO pay. In fact, in their analysis of 92 profitable companies over 8 years that paid less than 20 percent in federal income taxes, found that these corporations actually cut jobs, and those who kept their jobs found their wages stagnant.