EXCLUSIVE: Here are all the taxes Joe Biden is proposing as he pays for every dollar of the $3.2 trillion in policy he’s proposed. Includes a new minimum tax for big companies like Amazon that pay zero federal tax. bloomberg.com/news/articles/…
Biden’s minimum book tax targets companies paying zero or negative net federal taxes as would be set at 10%. His team estimates it would raise $400 billion over a decade based on its conclusion that 300 firms with $100M+ in income would end up paying it. bloomberg.com/news/articles/…
Biden is proposing to double GILTI, a minimum tax on foreign profits of U.S. firms, to 21%. That would raise $340 billion in revenues per recent paper called “Taxing the Rich.” As Biden’s has said for months, he’d also raise top corp rate from 21% to 28%. bloomberg.com/news/articles/…
Biden wants to cap tax rates for the wealthy at 28%, which would raise $310 billion. And he’s already proposed eliminating the stepped up basis loophole, raising $440 billion. bloomberg.com/news/articles/…
One takeaway from Biden’s tax plan: he pressured Warren to explain how she’d fund her $20.5 trillion Medicare for All plan & now his campaign is laying out how he’d pay for every single dollar of spending he’s proposed. And/but that’s a much smaller $3.2T. bloomberg.com/news/articles/…
Biden’s policy team said he’s made clear he wants to pay for every dollar he proposes. It took them some time to put together the full list of revenue sources (taxes, sanctions for tax avoidance and ending fossil fuel subsidies) but here it is. bloomberg.com/news/articles/… 
By the way, thanks to tax guru @laurapdavison — who somehow I didn’t follow until today despite sitting one desk away from her for the last few months — for her help making sure the tax language was all correct and for making the chart!
