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Elizabeth Warren’s Wealth Tax Won't Work. This Will

by finance.yahoo.com posted 4months ago 30 views
Democratic Sen. Elizabeth Warren of Massachusetts is dead-set on a wealth tax. It was a key plank of her failed presidential run last year, and she has now introduced legislation meant to wring more federal revenue from “ultramillionaires.” Warren’s measure has essentially no chance of passing, because Republicans oppose it en masse and some Democrats—including President Biden—don’t support it, either. One reason: It would be a nightmare to enforce.

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