Warren, Wyden, and Angus King unveiling their alternative minimum corporate tax that relies on corporate public claims of their profits 
King estimates it would raise $400 billion over 10 years, noting the share of corporate tax revenue to the government has shrunk by 75% over the last 40 years
Warren says she and King wanted the tax to apply to profits above $100 million, but to get 50 votes they needed to put it at a billion.
Would have raised $717 billion at the lower threshold, Warren says
Wyden with a good point. “You can’t have wealth without income.” The rich take stock certificates to the bank and exchange them for cash in the form of stock-backed loans, and pretend they have no income. They’re basically cashing checks.
“This and the billionaire income tax are two sides of the same coin.” — Wyden
Warren notes this does not expire: “This doesn’t have any sunsets. I’m going for this.”
Warren says her billionaire income tax has previously made Leon Cooperman cry
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