NBC News: Warren Targets Big Business with $1 Trillion ‘Profits’ Tax

The 2020 presidential hopeful said her “real corporate profits tax” is aimed at companies that report large annual gains but pay little in taxes thanks to a variety of tax credits and deductions that are available to lower their overall bill.

An analysis by the Institute on Taxation and Economic Policy, a left-leaning think tank, that was released on Thursday found that the number of publicly held corporations that pay no federal taxes more than doubled last year to 60, thanks in part to the $1.9 trillion tax cut President Donald Trump signed into law. Read more