Reuters: U.S.

Monday, January 20, 2020

News Alert: Conservatives hit back on 2020 wealth tax proposals

 
 
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Conservatives hit back on 2020 wealth tax proposals
Conservative groups are hitting back on wealth tax proposals from progressive 2020 candidates like Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.), as polls show broad support for the taxes.

Sanders and Warren have made higher taxes on multimillionaires and billionaires a key part of their respective plans to tackle inequality, but right-leaning groups argue that a wealth tax would be harmful for the overall economy and hurt more people than just the ultra-rich.
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