Democratic presidential candidate Elizabeth Warren is proposing a new tax on corporate profits that's designed to prevent business giants from taking advantage of the existing tax code to effectively pay a zero rate
The 7% tax on corporate profits above $100 million is the latest in a series of ambitious policy proposals from the Massachusetts senator. It's in line with her broader push to rein in such industries as the financial sector and technology firms .
Dubbing her pitch"the Real Corporate Profits Tax," Warren wrote:"It will make our biggest and most profitable corporations pay more and ensure that none of them can ever make billions and pay zero taxes again." The so-called wealth tax Warren proposed in January on about 75,000 of the nation's highest-earning households would raise an estimated $2.75 trillion over 10 years, money that she later said would go partly toward creating a government-supported universal child care program.
Other Democratic presidential candidates have offered proposals designed to address individual income inequality, such as California Sen. Kamala Harris' plan for a lower- and middle-income tax credit and New Jersey Sen. Cory Booker's plan to endow savings accounts for all children. Warren's latest idea, however, is unique as a foray into new corporate taxation policy.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
2020 candidate Elizabeth Warren calls for ending Senate filibuster rule'When Democrats have the White House again ... then we should get rid of the filibuster,' Warren said.
Weiterlesen »
Senator Warren lags 2020 Democratic hopefuls in fundraising haulU.S. Senator Elizabeth Warren's presidential campaign raised $6 million in ...
Weiterlesen »
Elizabeth Warren says her 2020 campaign raised $6 million in the first quarter, behind major rivalsThe announcement comes amid reports that the progressive Massachusetts Democrat is struggling to raise money after shunning traditional sources of big dollar donations.
Weiterlesen »
2020 Vision: Warren calls for end to filibuster in SenateSen. Elizabeth Warren, D-Mass., on Friday endorsed eliminating the legislative filibuster in the Senate if Democrats take the White House.
Weiterlesen »
Elizabeth Warren releases 2018 tax return, revealing $900,000 in incomeDemocratic presidential candidate Sen. Elizabeth Warren has released her tax return for 2018, reporting that she and her husband paid more than $200,000 in taxes on a joint income of about $900,000 last year.
Weiterlesen »
Sen. Elizabeth Warren releases 2018 tax return showing family income exceeding $900,000Sen. Bernie Sanders has said he will release returns by Monday, following other 2020 presidential candidates.
Weiterlesen »