So our rigged tax code allows big corporations to report enormous profits to their shareholders, and at the same moment report little or no profits to the IRS.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Would a tax on book income, like my Real Corporate Profits Tax, ensure that these giant companies can't get away with paying nothing in taxes?
I have proposed increasing tax enforcement for wealthy individuals and giant corporations.
I understand that you object to my calling people who do not pay the taxes that are legally owed 'tax cheats.'
Based on fact, the wealthiest in this country are paying less in taxes than everyone else.
It would raise $3 trillion in revenue that we could use to build economic opportunities for every person in America.
Well, these taxes would raise as much as $6 trillion that we can pour right back into communities and families all around this country.
I am working with my colleagues, including Chair Wyden, on a bill that strengthens IRS enforcement.
A wealth tax would impose an annual 2-cent tax on fortunes bigger than $50 million.
If a tax system is a statement of a country's values, then I really do question ours.
While the IRS has turned its eyes away from the wealthy and from giant corporations, it has come down hardest on the people who are cheapest to audit.
We are constantly treated as not even second class citizens. We are constantly and structurally deprived of opportunities.
The U.S. has no right to tax my house in a foreign country paid for by foreign currency, from a foreign job!
I think we might want to go back and look at who actually led the charge to cut the IRS's budget.
It's more than fair that they be asked to pay a small percent of their wealth--and I just can't understand why the wealthiest and luckiest people in the world would be complaining about it being such a hardship.
That is why I proposed a Real Corporate Profits Tax to force the biggest and the most profitable corporations to pay their taxes.
The rich may have run amok. They have run amok for the last 50 years of American history.
the wealth tax would result in the transfer of ownership of those assets from wealthy Americans to wealthy foreigners.





