He’s taxing corporations and reducing wealth for their shareholders too.
Increasing the corporate minimum tax rate to 21% to align with the global minimum tax rate. Implementing a Billionaire Minimum Tax of 25% on the wealthiest taxpayers to ensure the top 0.01 percent pay taxes on their income as they go, just like everyone who earns a paycheck.
Raising the tax rate on corporate stock buybacks from 1% to 4% to reduce the differential tax treatment between buybacks and dividends and encourage businesses to reinvest profits in their workers and in the company’s growth.
Denying corporate tax deductions for employee compensation in excess of $1 million paid to any employee by both publicly and privately owned C corporations.