Warren Wealth Tax
2nd February 2021
Senator Elizabeth Warren of Massachusetts has a press release announcing that she will join the Senate Finance Committee. From the release: “She also announced plans to introduce legislation implementing a wealth tax on fortunes over $50 million. The Finance Committee’s jurisdiction covers taxation and revenue policy, including oversight of the Internal Revenue Service. The senator’s legislation reflects her 2020 campaign proposal to impose a two cent tax on every dollar of individual wealth over $50 million, with an additional surtax on every dollar of wealth over $1 billion.”