WARREN ‘WEALTH TAX’ ESTIMATES TOO OPTIMISTIC, ANALYSIS SAYS
Dec 14, 2019
2 minutes
Image: Mary Schwalm
Elizabeth Warren’s signature “wealth tax” would bring in at least $1 trillion less in new government revenue than the Democratic presidential candidate estimates while ultimately shrinking the economy over the next 30 years, according to a new academic analysis.
The Massachusetts senator wants a 2% tax on fortunes worth $50 million-plus and a levy three times that
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