Democratic presidential candidate Elizabeth Warren wants to raise $1 trillion in revenue with a new 7% tax on corporate profits over $100 million

-Democratic presidential candidate Elizabeth Warren proposes raising $1 trillion in government revenue from a new tax on profits of the largest corporations.

-The proposed surtax would prevent Amazon and other companies with profits exceeding $100 million from wiping out their tax liabilities altogether.

-Instead of taxable corporate income as defined by the IRS, the 7% surtax would apply to profits companies report to their investors.

https://www.cnbc.com/2019/04/11/elizabeth-warren-targets-corporate-profits-with-new-7percent-surtax-proposal.html

Submitted April 11, 2019 at 12:47PM by closingbell http://bit.ly/2WWWxEm