New York Times: Elizabeth Warren plans to propose a minimum tax on the profits of the nation’s richest companies.
Senator Elizabeth Warren of Massachusetts and her allies will propose a minimum tax on the profits of the nation’s richest companies, regardless of what they say they owe the government, as part of Democrats’ $3.5 trillion economic and social-policy package.
Ms. Warren’s so-called "real corporate profits tax” was a key part of her presidential campaign, and she has enlisted Senator Angus King, the Maine independent, to help press her case that profitable companies should be taxed, regardless of loopholes and maneuvers that have allowed many of them to avoid federal corporate income taxes altogether.
Read the full story here.
By: Emily Cochrane
Source: New York Times
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