Reuters: U.S.

Sunday, January 27, 2019

News Alert: Warren stakes out 2020 ground with wealth-tax proposal

 
 
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Warren stakes out 2020 ground with wealth-tax proposal
Sen. Elizabeth Warren (D-Mass.) is making a big move on taxes as she seeks to stand out in a crowded Democratic presidential primary field where many candidates will be competing to win over progressive voters.

The Massachusetts senator, who recently announced an exploratory committee for president, is calling for a special annual tax for those with a net worth that exceeds $50 million. The proposal quickly caught the attention of progressives, who praised Warren for floating taxes as a way to tackle wealth inequality.
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