Bernie Sanders’ tax proposals

Submitted by ADonahue on
Large group of people holding banner and signs "Don't Let Billionairs Hog Our Health Care: Vote Yes to Fund Care"

Senator Bernie Sanders’ proposals would help create a progressive taxing system that will fund the policies to help save the hospitals. 

Reversal of HR 1

Reversing portions of the law would ensure big corporations and the rich pay their fair share — while keeping the tax breaks that help working people, such as tax on overtime and the extended child tax credit.

Money raised? 

Estimated ~$4.5 trillion

Corporate Tax Dodging Prevention Act 

This bill would prevent corporations from hiding money in offshore tax havens like the Cayman Islands and Luxembourg and would end tax breaks for companies that move manufacturing overseas.  It also rolls back the Trump corporate tax rate cut (see list below), restoring the top rate to 35 percent.

Money raised?

$2.32 trillion over 10 years  

To give context, here’s a list of how much money some of the healthcare/insurance companies gained from the Trump corporate tax rate over the last seven years: 

  • Elevance (Formerly Anthem) - $7.4 billion
  • Centene - $7.3 billion
  • CVS Health - $7.3 billion
  • HCA - $5.6 billion
  • Humana - $5.5 billion
  • Cigna - $2 billion
  • Universal Health Services - $463 million
  • Prospect Medical Holdings (owned by private equity firm) - Helped make more money for the firm while bleeding hospitals, which filed for bankruptcy in 2025.

Tax on Wall Street Speculation Act 

This bill would add a small tax when people buy or sell investments. It would apply to things like stocks, bonds, crypto and other financial exchanges. 

Money raised?

More than $2.4 trillion in revenue over 10 years 

For the 99.5 Percent Act 

This establishes a tax on inheritance over $3.5 million and closes loopholes that the ultra wealthy have used to avoid paying their fair share. Families of the 735 billionaires in America, who have a combined net worth of over $4.5 trillion, would owe up to $2.8 trillion in estate taxes.

Money raised?

$430 billion over 10 years 

Ending Corporate Greed Act

This bill would put a big tax on corporations that profited off the pandemic. Since it’s on profit, not revenue, companies that raised prices to cover increased expenses during the pandemic wouldn’t be penalized. Only the companies that sought to make huge profits off the health care crisis would be subject to increased taxes. 

Money raised?

Estimated $400 billion in 1 year

End Polluter Welfare Act of 2025 

This bill eliminates more than $170 billion in tax loopholes and federal subsidies for the fossil fuel industry over 10 years.

Money raised?

$170 billion over 10 years

Tax Excessive CEO Pay Act of 2025 

This would add a higher corporate tax rate on companies that pay their CEO (or their highest-paid executive) a disproportionate amount compared to their average worker pay. For example, Starbucks would have owed up to $204 million more in taxes. The coffee chain paid its CEO Brian Niccol $95.8 million in 2024, 6,666 times its typical employee. 

Money raised?

$150 billion over 10 years