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A tax on the profits of the nation’s wealthiest corporations was a key element of Massachusetts Sen. Elizabeth Warren’s presidential campaign. She wants it to become reality in the Democrats’ $3.5 trillion reconciliation package.
On Monday, Warren and Sen. Angus King, an independent from Maine who caucuses with the Democrats, announced in a press call they are planning to include a real corporate profits tax in the reconciliation bill, which would require companies to pay a 7% tax on earnings they report to investors above $100 million. This tax wouldn’t apply to the earnings that details ⇒
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