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 Idiot: Tulsi Gabbard: Redirect Profits from Corporations Allowed to Remain Open to Small Businesses Forced to Close

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RR Phantom

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Idiot: Tulsi Gabbard: Redirect Profits from Corporations Allowed to Remain Open to Small Businesses Forced to Close Vide
PostSubject: Idiot: Tulsi Gabbard: Redirect Profits from Corporations Allowed to Remain Open to Small Businesses Forced to Close   Idiot: Tulsi Gabbard: Redirect Profits from Corporations Allowed to Remain Open to Small Businesses Forced to Close Icon_minitimeSat Dec 19, 2020 3:02 pm
A plan by Tulsi Gabbard (D-HI) would redirect excess profits from multinational corporations allowed to remain open during the Chinese coronavirus crisis to small businesses that have been forced to close due to economic shutdowns.

democrats

Gabbard released legislation on Friday, known as the Pandemic Crisis Excess Profits Tax, to ensure that corporations such as Amazon, Facebook, Walmart, and Google are not profiting off economic shutdowns that have helped clear the market of their competition.

“Big tech corporations and big-box retailers are among those who have made excessive profits during the COVID-19 pandemic, while mom and pop shops are being forced to close their doors due to government-mandated restrictions,” Gabbard said in a statement.

The legislation — first adopted during World War I and World War II to prevent corporations from profiting off the wars — would add a 95 percent tax on corporations’ excess profits calculated by subtracting their 2020 gross earnings from their average gross earnings from 2016 to 2019, before the coronavirus.

https://www.breitbart.com/politics/2020/12/18/tulsi-gabbard-redirect-profits-from-corporations-allowed-to-remain-open-to-small-businesses-forced-to-close/

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