This post was originally published on this site
WASHINGTON — Senate Democrats detailed a 15% minimum tax on large companies’ income on Tuesday, refreshing an earlier revenue-raising proposal as they try to generate enough money to pay for President Biden’s social-spending and climate-change agenda.
The plan, backed by Sens. Elizabeth Warren, D-Mass., Angus King, I-Maine, and Ron Wyden, D-Ore., would affect about 200 companies and could raise hundreds of billions of dollars, the sponsors said.
