Elizabeth Warren to propose ‘wealth tax’ on Americans with more than $50 million in assets, economic advisor says
Published an hour ago | Updated Moments Ago
Kevin Breuninger
@KevinWilliamB
Tucker Higgins
@tuckerhiggins
Sen. Elizabeth Warren, D-Mass., is planning to propose a “wealth tax†on some of the richest Americans, an economist who advises her tells CNBC.
The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.
Economist Emmanuel Saez told CNBC he believes the proposal will be officially announced on Friday.
Sen. Elizabeth Warren, D-Mass., is planning to propose a “wealth tax†on some of the richest Americans, an economist who advises her told CNBC on Thursday.
The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.
The Washington Post first reported the development.
“We helped her with the numbers,†economist Emmanuel Saez told CNBC. He said he believed the proposal would be officially announced on Friday.
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https://www.cnbc.com/2019/01/24/elizabeth-warren-to-propose-new-wealth-tax-economic-advisor.html
