Revenue tax

A former head of the student loan program is concerned about the $1.6 trillion in student loan debt and has proposed a tax on corporation revenues. In the past corporations have been taxed like individuals on earnings but a tax on revenue is much like Senator Warrens wealth tax. A corporation would pay this revenue tax even if they lost money. He proposed a one percent revenue tax and for a company like Apple whose revenue is $220 billion that would be a tax of $2.2 billion.