At a recent Center for American Progress event, Senator Elizabeth Warren (D-MA) announced that there were 50 Democratic senators and the President on board with an idea for tax reform. Unfortunately, that idea is one of Warren’s, and one of her worst at that.
Last year, in the thick of the congressional wrangling over Build Back Better, Senator Elizabeth Warren claimed to have the “solution” to large corporations paying little to no income tax in a given year. Her solution was a “minimum tax,” assessed on corporations’ book income rather than their taxable income.
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