Democratic presidential candidate Elizabeth Warren is proposing a new tax on big corporations
Washington , bolstering the Massachusetts Democratic senator's progressive campaign against the powerful and wealthy ahead of the 2020 election.
The new tax would hit the 1,200 most profitable companies in the country, including Amazon, according to Warren. The tech giant is one of the most valuable companies in the world and earned a record $10 billion last year, but didn't have to pay anything in federal income taxes. "It will make our biggest and most profitable corporations pay more and ensure that none of them can ever make billions and pay zero taxes again," Warren wrote in a post to Medium Thursday.
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