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Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks

October 14, 2019

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Democratic presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%.

The Corporate Accountability and Democracy Plan would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens.

The senator is also calling to democratize corporate boards, ban stock buybacks and diversify corporations.

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