We should not have a tax system that allows Fortune 500 companies to not pay federal income tax at all.
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.
If enacted, the law would generally impose an annual 2 percent wealth tax on the net value of a taxpayer's total assets above $50 million.
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.
The rich may have run amok. They have run amok for the last 50 years of American history.
I am working with my colleagues, including Chair Wyden, on a bill that strengthens IRS enforcement.
We want to make sure they have enough money to be able to go after the complicated tax schemes that the wealthy are able to use, and the big corporations.
That is why I proposed a Real Corporate Profits Tax to force the biggest and the most profitable corporations to pay their taxes.
The tax system has been tilted towards the wealthy and powerful for far too long.
If a tax system is a statement of a country's values, then I really do question ours.





