Elizabeth Warren Blasts Tax Plan as 'Giant Wet Kiss' to Corporate America

"The corporate giants are lined up to make sure tax changes tilt their way."

by Deirdre Fulton, staff writer

Denouncing a "rigged" system that favors corporations over middle-class Americans, Sen. Elizabeth Warren (D-Mass.) said in a "must-watch" speech on Wednesday that any reform of the U.S. corporate tax code must force big businesses to "substantially increase" the amount of federal tax they pay.

She described that "deemed repatriation" plan—which would allow U.S. companies to pay less tax on profits generated abroad if that money is repatriated to the U.S.—as "a giant wet kiss for the tax dodgers who have already parked $2.1 trillion overseas."