Giant corporations that make billions of dollars in profits off the services that the rest of us pay for need to invest in America's future. Billionaires and giant corporations must pay a lot more. nytimes.com/2021/04/07/bus…
Raising the corporate tax rate alone isn’t enough when armies of lawyers and accountants help corporations pay a tiny fraction of that rate. We need a strong Real Corporate Profits Tax – and not a watered-down version that lets more giant companies continue to pay zero taxes.
This $2.5 trillion plan to enforce our tax laws and catch wealthy tax cheats is a good down payment to #BuildBackBetter – but a #WealthTax on fortunes over $50 million would raise at least $3 trillion for America’s future. Let’s not nibble around the edges here.
Giant corporations will whine, but let me be clear: we cannot bargain away tax loopholes for the world’s most profitable companies and starve our recovery just so the GOP can kiss their corporate donors' fannies. That's not a negotiation – it’s a heist.
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