Tax very large companies on profits reported to investors

Elizabeth Warren proposed a 7% tax on profits above $100 million that very large companies report to investors. The first $100 million would be exempt, and the tax would apply in addition to any amount owed under current corporate tax rules. The proposal would have no loopholes or exemptions and would tax foreign profits at the same rate as U.S. profits. Warren says it is intended to raise revenue and make it harder for highly profitable companies to avoid taxes.

Context: The proposal is presented as a plan from Warren’s presidential campaign; the passage does not establish that it was enacted.

In their own words

for every dollar of profit above $100 million, the corporation will pay a 7% tax.

The source

Real Corporate Profits Tax

Published: Original date not established; campaign context manually checked
Retrieved: 11/12/2026