These are the taxes Elizabeth Warren has proposed in the 2020 race.
Presidential candidate Sen. Elizabeth Warren has earned a reputation for having a plan for everything.
Her crusade against the wealthy of America has rankled donors and politicians in the upper echelons of both the Democratic and Republican parties but has resonated with potential voters ahead of the Democratic primaries.Ultra-Millionaire TaxThe plan would call for a 2% tax on every dollar a household has above $50 million, which would increase to a 3% tax for households with above $1 billion.
The money raised from the taxes would be committed to Warren's "Lobbying Defense Trust Fund," dedicated to strengthening government against the influence of lobbyists.Warren's zeal for taking on big corporations in the wake of the 2008 financial crisis sent her to the forefront of financial reform, and herThe 7% corporate tax would apply to every dollar above $100 million that a company reports in profits.
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