Elana Schor and Holly Ramer, Associated Press Updated 2:45 pm PST, Tuesday, January 29, 2019 FILE - In this Jan. 22, 2019, file photo, Sen. Elizabeth Warren, D-Mass., speaks at the "Community Conversation about Puerto Rico and its Recovery" held at the Alejandro Tapia y Rivera Theater, in San Juan, Puerto Rico. Warren is dismissing criticism of her tax plan from two billionaires who are also considering presidential runs. less FILE - In this Jan. 22, 2019, file photo, Sen. Elizabeth Warren, D-Mass., speaks at the "Community Conversation about Puerto Rico and its Recovery" held at the Alejandro Tapia y Rivera Theater, in San Juan, ... more Photo: Carlos Giusti, AP Photo: Carlos Giusti, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Jan. 22, 2019, file photo, Sen. … [Read more...] about Billionaires hit Warren on proposed tax hike on top earners
Wealth top 1 percent
Sen. Elizabeth Warren is making an example of another billionaire — this one a fellow potential 2020 presidential candidate. The Massachusetts senator responded to Howard Schultz in a tweet Tuesday morning, after the former Starbucks CEO called her wealth tax proposal “ridiculous.” “What’s ‘ridiculous’ is billionaires who think they can buy the presidency to keep the system rigged for themselves while opportunity slips away for everyone else,” Warren wrote. Schultz — who announced this week that he is seriously considering running for president as a “centrist independent” — took issue with Warren’s wealth tax proposal in an interview that aired Tuesday morning on NPR’s “Morning Edition.” “What we have today is an unfair system,” he told NPR host Steve Inskeep. “However, when I see Elizabeth Warren come out with a ridiculous plan of taxing wealthy people a … [Read more...] about What to know about the dispute between Elizabeth Warren and Howard Schultz
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Liz Goodwin Globe Staff January 24, 2019 Senator Elizabeth Warren proposed a new “Ultra Millionaire” tax targeting the richest families in America Thursday, setting down an aggressive marker for the rest of the Democrats vying for the 2020 presidential nomination.The Massachusetts Democrat wrote on Twitter that the rich and powerful had shirked their fair share of taxes for too long. “After making a killing from the economy they’ve rigged, they don’t pay taxes on that accumulated wealth,” she wrote. “It’s a system that’s rigged for the top if I ever saw one.” Advertisement Unlike the vast majority of tax proposals unveiled by politicians in the past, Warren’s vision is to tax accumulated wealth, not income. Get Today in Politics in your inbox: A digest of the top political stories from the … [Read more...] about Elizabeth Warren will propose a ‘wealth tax’ on the very rich
WASHINGTON — Sen. Elizabeth Warren of Massachusetts, a Democratic candidate for president, is expected to unveil a plan that would impose a new annual tax on the 75,000 wealthiest families in the United States. Her plan is the latest sign of how Democrats, with an eye toward 2020, are looking to tax the rich to pay for expanded social programs and distribute wealth more evenly. In recent weeks, other Democrats have called for increasing marginal income tax rates for the very rich, including freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., who has proposed a 70 percent top rate on income exceeding $10 million a year. Warren’s so-called ultramillionaire tax would levy a 2 percent annual tax on all assets — including stocks, real estate and retirement funds, held either in the United States or abroad — owned by households with a net worth of $50 million or more. It would add an additional 1 percent “billionaire surtax” on households with net worth … [Read more...] about Elizabeth Warren is proposing a wealth tax on ‘ultra-millionaires’
Jeff Stein, The Washington Post Published 8:27 am PST, Saturday, January 5, 2019 Alexandria Ocasio-Cortez, D-N.Y., was elected to Congress in 2018. Alexandria Ocasio-Cortez, D-N.Y., was elected to Congress in 2018. Photo: Washington Post Photo By Melina Mara Photo: Washington Post Photo By Melina Mara Image 1 of / 15 Caption Close Image 1 of 15 Alexandria Ocasio-Cortez, D-N.Y., was elected to Congress in 2018. Alexandria Ocasio-Cortez, D-N.Y., was elected to Congress in 2018. Photo: Washington Post Photo By Melina Mara Ocasio-Cortez wants higher taxes on very rich Americans. Here's how much money that could raise. 1 / 15 Back to Gallery Rep. Alexandria Ocasio-Cortez, D-N.Y., … [Read more...] about Ocasio-Cortez wants higher taxes on very rich Americans. Here’s how much money that could raise.