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Bernie Sanders targets Amazon, Walmart with 100% tax
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Candidate
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| Contributor | RP |
| Last Edited | RP Sep 05, 2018 03:07pm |
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| Category | Proposed Legislation |
| Author | Kate Gibson |
| News Date | Wednesday, September 5, 2018 07:45:00 PM UTC0:0 |
| Description | Bernie Sanders says people who work for the richest person in the world, Amazon CEO Jeff Bezos, shouldn't have to rely on public assistance for food and shelter. That amounts to the kind of corporate welfare the Vermont senator says costs U.S. taxpayers billions of dollars a year.
As a remedy, Sanders and Rep. Ro Khanna, D.-California, on Wednesday proposed legislation that would impose a 100 percent tax on companies equal to the amount of federal benefits received by their employees. If a worker collected $2,000 in food stamps, for instance, the employer would be taxed $2,000 to cover the cost. The requirement would apply to any company with more than 500 workers. |
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