Where the Democratic Candidates Stand on Taxes

The video discusses the impact of corporate tax cuts on market earnings, highlighting a significant boost in SNP earnings due to a reduction in corporate tax rates to 21%. It explores the consequences of these tax cuts, such as stock buybacks and increased income inequality, which have drawn criticism from progressives like Bernie Sanders and Elizabeth Warren. The video also reviews various tax plans proposed by political candidates, including changes to corporate tax rates and wealth taxes, aiming to address income inequality and increase IRS funding for better compliance.

How did the corporate tax cut to 21% affect S&P earnings?

• It led to a 5% decrease in earnings

• It increased earnings by about 10%

• It had no significant impact

• It decreased earnings by 10%

What was one major consequence of the corporate tax cut according to the video?

• Decrease in shareholder dividends

• Reduction in CEO salaries

• Companies buying back their own stock

• Increased government spending

Which political figures were mentioned as being critical of the corporate tax cut?

• Donald Trump and Joe Biden

• Bernie Sanders and Elizabeth Warren

• Nancy Pelosi and Mitch McConnell

• Kamala Harris and Mike Pence

What tax rate do Elizabeth Warren and Bernie Sanders propose for corporations?

• 35%

• 30%

• 25%

• 21%

What additional tax does Michael Bloomberg propose?

• A 10% surtax on all incomes

• A 2% wealth tax on all households

• A 5% surtax on incomes above $5 million

• A 15% increase in corporate tax