The Sanders Corporate Tax Reform Plan
(COMMON DREAMS) Dave Johnson, December 4, 2015 — In the recent post, “How The Clinton and Sanders Infrastructure Plans Measure Up,” I mistakenly wrote that candidate Bernie Sanders does not yet have a corporate tax proposal:
Clinton’s infrastructure plan says only that it will be paid for through “business tax reform.” It does not detail the nature of the reforms that would pay for this spending. Similarly, Sanders does not yet have a specific individual and corporate tax proposal, but he has proposed a financial transaction tax and says he will close loopholes.
Oops. It turns out that Sanders does have a detailed corporate tax plan to pay for his infrastructure plan. He introduced the plan as a Senate bill shortly before announcing his run for the Democratic nomination for President. It is called the Corporate Tax Dodging Prevention Act. So let’s take a look at it.