Sanders Unveils $2.8T In Corporate, Wealthy Tax Raises

Roll Call reports:

Senate Budget Chairman Bernie Sanders unveiled proposals to raise taxes by at least $2.8 trillion in a pair of bills he introduced Thursday that the Vermont independent said would “end our rigged tax code” and reduce income inequality by making corporations and billionaires pay more.

“We can no longer tolerate many large corporations making billions of dollars a year in profits to pay nothing, zero, in federal income taxes,” Sanders said at a Thursday hearing that coincided with the release of his double-barreled package aimed at mega-corporations and large estates.

One draft bill would raise at least $1.3 trillion over a decade by setting the corporate tax rate back at 35 percent, where it was before the 2017 GOP tax overhaul dropped it down to 21 percent.

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