Sanders says he’ll introduce legislation to hike corporate tax rate to 35%

Sen. Bernie Sanders, the Vermont independent who sought the Democratic nomination for president, told NPR he’ll introduce a bill that would raise the corporate tax rate to 35% from 21%. A separate bill would set new estate taxes as high as 65% on those valued over $1 billion. The closely divided U.S. Senate is unlikely to support a 35% corporate tax rate, but could agree to increase the current rate to help pay for a new infrastructure package.

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