(CNN) Sen. Elizabeth Warren on Wednesday released a new plan outlining how she would use the revenue generated by her proposed tax on "excessive lobbying" to beef up federal agencies charged with regulating major industries.

"This tax will reduce the incentive for excessive lobbying, and raise money that we can use to fight back against this kind of onslaught when it occurs," Warren wrote in a Medium post explaining the strategy.

First unveiled in broad strokes last month , Warren's plan would impose a 35% tax on lobbying expenditures between $500,000 and $1 million. The cost would escalate from there, with a 60% rate placed on every dollar beyond $1 million that rises to 75% once a company's lobbying costs surpass $5 million.

The proposal represents the newest piece of Warren's broad anti-corruption platform, which she has made central to her candidacy. It is the subject matter that Warren is most fluent in discussing and passionate about on the trail, where she often jokes that the "good news" is she has "the biggest anti-corruption plan since Watergate," before waiting a beat and adding: "Here's the bad news, we need the biggest anti-corruption plan since Watergate."

In this chapter of her wider agenda, Warren stresses that the issue goes beyond Congress, lawmakers and the "revolving door" between Capitol Hill and K Street -- and addresses lobbyist influence on regulatory bodies.

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