If you raise corporate taxes one of two things will happen.
The president of the Georgia Association of Educators said it’s time for the state to revisit its tax code and tax structure.
Although Georgia is a low-tax state compared to others in the nation, the amount in taxes that major corporations have to pay is disproportionate to the average resident, president Jeff Hubbard said. The corporations’ tax breaks means big businesses are paying 60 to 80 percent less than an average resident, he said.
Either the corporations will raise their prices and pass them on to consumers or the corporations will go elsewhere denying you the property taxes you use to fund your local school systems.
I recommend you read Hazlitt’s Economics in One Lesson.