Warren proposes new corporate profits tax

Warren proposes new corporate profits tax

Senator Elizabeth Warren is proposing a new 7 per cent tax on corporate profits that exceed $100 million. Warren’s proposal would apply the new tax not to the totals companies already report to the IRS, but instead to the profits reported to shareholders. Her campaign estimates it would bring the government an $1.05 trillion in new tax revenues over 10 years.

Simone
Simone
Girthquake
Girthquake 9 months

that'll really make buisnessess want to stay in america

Jake Middleton
Jake Middleton 9 months

Breaking news, another politician calling for another tax!

Hannibal
Hannibal 9 months

Yes, let's further complicate our Byzantine tax codes! We'd generate more revenue by eliminating all of the tax credits.

Andrew 1010
Andrew 1010 9 months

Just add more government to the broken shit which is government taxes that'll fucking fix the problem! 👌

Steven Cline
Steven Cline 9 months

Just fix the tax code. A company can't tell the IRS it made less than it tells it's stock holders. How come Congress can't fix that?

Robert Palmer
Robert Palmer 9 months

Drop all welfare and we could cut taxes

Drago5313
Drago5313 9 months

Late 1. April joke?

IDWFTW
IDWFTW 9 months

This is stupid af. Every company will just start raising salaries and bonuses of their execs once their profit begins to go above $100 mil.

SRC t
SRC t 9 months

all these idoits want to do is take something away, that is all they know!

Joshua Green
Joshua Green 9 months

Bleeding all non-conforming big companies and offering compliant ones with tax breaks (apple, alphabet, Microsoft, Amazon, etc).... this is crony capitalism in its most authoritarian. Rid us of all Collectivists so the nation and by extension the world may be free.

Lucifer Neverchanges
Lucifer Neverchanges 9 months

so it taxes what the company keeps when the IRS is already paid? Got It.

themdg
themdg 9 months

If it ain't broke, tax it.

space ghost
space ghost 8 months

Well they spend about 6.85 million a minute scourging to CBS so it won’t help they’ll just vote them selfs a pay increase and blow the rest in a few days. Or run off more big business and hurt millions of working Americans.

Cory Pritchard
Cory Pritchard 9 months

This would force large companies to either spend their profits on increasing employee wages, investing in capital, or other endeavours besides buying politicians, large CEO compensation packages, or stock buybacks. Good job Elizabeth Warren.

Top in Politics
Get the App