The bill S. 4011, titled the “Stop Subsidizing Giant Mergers Act,” aims to modify the Internal Revenue Code of 1986 to end tax-free treatment for certain types of corporate reorganizations involving large corporations. Specifically, it intends to prevent mergers,...
Simple Explanation
The "Stop Subsidizing Giant Mergers Act" is a plan to change the rules so that really big companies, making over $500 million, have to pay taxes when they merge or join together, instead of getting a free pass. This means that super-rich companies can't avoid paying taxes when they get even bigger.