Beyer Legislation Requires Big Biz to Pay Fair Share

Today, United States Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine), and United States Representative Don Beyer (D-Va.), who represents Falls Church, announced bicameral legislation to ensure America’s largest corporations pay their fair share and prevent them from paying nothing in federal taxes.

The Real Corporate Profits Tax Act of 2021 would create a fairer tax system and stronger economy by establishing a new tax on book income that would ensure the most profitable corporations contribute each year. The lawmakers are pushing to include the bill as a payfor in the reconciliation package.