Warren stakes out 2020 ground with wealth-tax proposal

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Warren stakes out 2020 ground with wealth-tax proposal
By Naomi Jagoda - 01/27/19 06:00 AM EST

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.

Warren said in an MSNBC interview on Thursday that the tax could raise revenue to help “build opportunity for the rest of America.”

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https://thehill.com/policy/finance/427075-warren-courts-progressives-with-wealth-tax-proposal