Democratic presidential candidate Senator Elizabeth Warren has introduced a proposal called the Real Corporate Profits Tax to force companies to pay a 7% tax on all profits over $100 million. Warren outlined the plan on Thursday on MSNBC.

Sen. Elizabeth Warren: “The simplicity of it is part of what makes it work so well and makes sure no giant corporation in this country gets away with paying zero, while small companies and families are having to pick up the ticket to run the country.”