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Transcripts for CNN State of the Union with Jake Tapper and Dana Bash 20211024 16:09:00

corporate minimum tax? elizabeth warren was talking on the lead the other day in amazon makes hundreds of billions and pays zero, this is legislation requires them to pay something. is that in there? the president during these campaign had a market rate excuse me a book rate proposal. that is being evaluated as well, as to how much that brings in, but that s another way to tax the increase in wealth in corporate america. but the thing is that, whether we use increasing the corporate tax rate, increasing the tax on some of the other aspects of it. wealth tax, billionaires tax? no, some other aspect. okay. we probably will have a wealth tax, but it s only 10% of what we need, and the other things are more like $800 billion versus $200 billion, but we can use them another time.

Transcripts for CNN State of the Union with Jake Tapper and Dana Bash 20211024 13:09:00

amazon makes hundreds of billions and pays zero, this is legislation requires them to pay something. the president during these campaign had a market rate excuse me, a book rate proposal. that is being evaluated as well, as to how much that brings in, but that s another way to tax the increase in wealth in corporate america. but the thing is that, whether we use increasing the corporate tax rate, increases the tax on some of the other aspects of it. wealth tax, billionaires tax? no, some other aspect. okay. we probably will have a wealth tax, but it s only 10% of what we need, and the other things are more like $800 billion versus $200 billion, but we can use them another time. they don t go away as a source of revenue to pay for how we go

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