TPM: Warren Unveils Plan for $1 Trillion in Taxes on Corporations

Warren’s plan is aimed at large corporations — ones that have generally paid lower tax rates than smaller companies in recent years. The GOP tax cut law nearly doubled the number of publicly held companies that paid no federal taxes from 30 to 60 in the last year alone, according to a recent study from the left-leaning Institute on Taxation and Economic Policy.

This is the latest significant tax proposal the Massachusetts senator has unveiled as part of her campaign platform, which also includes a two percent surtax on people with more than $50 million in assets and a three percent surtax on those who have $1 billion. Read more