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[quote=Anonymous]Lots of Democrats trying to find solutions to this egregious bit of corporate welfare.
[quote]
Several of the Democratic candidates have called for changes to the corporate system, and Ms. Warren has gone the furthest in issuing a detailed plan. Under her proposal, corporations would pay a new 7 percent tax on every dollar over $100 million in profits they earn anywhere in the world. She estimated the new tax would apply to roughly 1,200 companies and bring in $1 trillion.

Under Ms. Warren’s plan, Amazon would have paid $698 million instead of $0 in federal taxes for 2018. In a statement, the company said it “pays all the taxes we are required to pay in the U.S. and every country where we operate.”

Mr. Sanders, in his 2016 presidential campaign and in this one, has routinely talked about closing loopholes and capturing some of the billions in profits that multinationals have kept overseas in tax havens and out of the Internal Revenue Service’s reach.

Amy Klobuchar, the Minnesota senator who is also running, has taken a different approach. She has tied a proposed increase in the corporate tax rate, to 25 percent from the current 21 percent, to plans to rebuild bridges, roads and airports nationwide. About $400 billion of her trillion-dollar infrastructure plan would be financed by the tax increase.[/quote][/quote]

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