Enact a Real Corporate Profits Tax on very large companies' reported profits, taxing profits above $100 million at 7% with no loopholes or exemptions, including foreign profits.

That’s why I’m proposing a big new idea: the Real Corporate Profits Tax. This new tax applies to the profits very large American companies report to their investors — with no loopholes or exemptions. It will make our biggest and most profitable corporations pay more and ensure that none of them can ever make billions and pay zero taxes again.

Warren proposes a Real Corporate Profits Tax applying to companies reporting more than $100 million in profits, with a 7% tax on profits above that threshold, no loopholes or exemptions, and foreign profits taxed like U.S. profits.

Real Corporate Profits Tax | Elizabeth Warren
campaign · campaign_site · model gpt-5.5

Warren's campaign plan proposed a Real Corporate Profits Tax on very large companies' reported profits: only profits above $100 million would be taxed at 7%, on top of ordinary corporate tax. The plan also framed the tax as having no loopholes or exemptions and applying to foreign profits like U.S. profits.

Establishes the promise: a 7% reported-profit tax above $100 million, with no loopholes or exemptions, including foreign profits.

unresolved unknown

Real Corporate Profits Tax | Elizabeth Warren
campaign · model gpt-5.5 · confidence 97%

Congress.gov lists S.2680 as sponsored by Sen. Warren, introduced on 2021-08-09, referred to Senate Finance, and remaining at status Introduced. The CRS summary says the bill would impose an additional 7% tax on adjusted net book income exceeding $100 million.

Warren introduced a bill closely matching the promised rate and threshold, but the bill did not advance beyond introduction, so the exact Real Corporate Profits Tax was not enacted through S.2680.

never same_term A for effort

S.2680 - Real Corporate Profits Tax Act of 2021
secondary · model gpt-5.5 · confidence 99%

Warren, King, and Wyden announced an updated Corporate Profits Minimum Tax for Build Back Better. The updated design applied to companies reporting over $1 billion in profits to shareholders, set at least a 15% tax rate, and preserved business credits, loss carryforwards, foreign tax credits, and future minimum-tax credits.

Shows Warren moved the proposal toward a different corporate book-income minimum tax, which supports partial fulfillment but not the exact 7% tax above $100 million with no exemptions.

partial same_term A for effort

Senators Warren, King, and Wyden Announce Updated Proposal To Prevent The Biggest And Most Profitable Corporations From Paying Nothing In Federal Taxes
secondary · model gpt-5.5 · confidence 95%

Congress.gov records H.R.5376 becoming Public Law No. 117-169 on 2022-08-16. Its public-law summary says the act imposes a 15% alternative minimum tax on average annual adjusted financial statement income of domestic corporations exceeding $1 billion over a specified 3-year period, effective for taxable years beginning after 2022-12-31.

The enacted law created a related corporate book-income minimum tax, but its rate, threshold, structure, and exceptions differ from Warren's promised Real Corporate Profits Tax.

partial same_term

H.R.5376 - Inflation Reduction Act of 2022
secondary · model gpt-5.5 · confidence 99%

The Senate final-passage roll call for H.R.5376 as amended shows Vote Number 325 on 2022-08-07, the bill passed 50-50 with the Vice President voting Yea, and Warren (D-MA) is listed as Yea.

Warren voted for the enacted Inflation Reduction Act, which included the related but narrower 15% corporate alternative minimum tax.

partial same_term A for effort

U.S. Senate Roll Call Vote 117th Congress - 2nd Session, Vote 325
secondary · model gpt-5.5 · confidence 99%

The IRS page, last reviewed or updated on 2026-05-12, says the Inflation Reduction Act created the corporate alternative minimum tax, imposing a 15% minimum tax on adjusted financial statement income of large corporations for taxable years beginning after 2022-12-31. It generally applies to corporations with average annual financial statement income exceeding $1 billion.

Confirms that, as of the assessment date, the enacted and operative policy is the 15% CAMT for corporations over about $1 billion, not the exact 7% tax above $100 million promised by Warren.

partial later_term

Corporate alternative minimum tax | Internal Revenue Service
secondary · model gpt-5.5 · confidence 97%