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

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Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks
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Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.

Vermont senator and presidential candidate Bernie Sanders campaigns at the University of New Hampshire in Durham.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%.would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens.

According to the website, the plan would also require companies that are publicly traded or have at least $100 million in annual revenue or at least $100 million in their balance sheet total to give workers 2% of their stock until employees own at least 20 percent of the company.

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