Free Republic

Senator Elizabeth Warren's plan to tax the fortunes of uber-wealthy Americans could generate $1 trillion less in revenue than she forecasts, according to a new analysis. Warren has proposed imposing a 2% surcharge tax on wealth of $50 million or more, with the rate rising to 6% on billionaires. Her campaign estimates the tax would generate about $3.75 trillion in new revenue, which would be used to fund "Medicare for all" and other public programs. Not so fast, according to the University of Pennsylvania's Penn Wharton Budget Model. The nonpartisan research group says Warren's wealth tax is likely to generate...

U.S. Senator Elizabeth Warren announced on Friday that her presidential campaign will be chaired by a diverse group of congresswomen elected in 2018 in a record-breaking wave of women who helped Democrats retake the U.S. House of Representatives. Presidential campaign chairs often play public-facing roles interacting with voters. Warren chose three women seen as rising stars in the Democratic Party with national profiles. Representative Deb Haaland from New Mexico is one of the first two Native American women to serve in the U.S. Congress. Representative Katie Porter, a former student of Warren’s at Harvard Law School, won a historically Republican...