The irony is that increased corporate taxes tend to mean big companies actually pay less tax. Corporate taxes are on profit, not revenue, so if a company spend

The irony is that increased corporate taxes tend to mean big companies actually pay less tax. Corporate taxes are on profit, not revenue, so if a company spends all of the money it makes on investments, they owe the government nothing. Of course a profit seeking entity will want to take profits eventually, or else there is no point to investing, but if you are confident that corporate taxes will go down at some point in the future, it makes sense to invest now and take profits later. Small businesses might not be able to wait for very long for that eventual tax break, and corporate taxes can be a real burden for them, but a big company can always access capital if it needs to and can go decades without reporting a profit. If you were a billionaire leader of a massive corporation that was looking to spend billions in the next few years on capital expenses that reduce your reliance on labor, a corporate tax hike would be ideal. It's easier to get your board to go along with the big investment and it hurts any would-be competitors who needed the money. Bonus points if you convince the public that you're a man of the people.