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Keyword: warren

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  • Warren’s Economic Illusions: A new analysis says her wealth tax would fall short—by $1.5 trillion.

    12/12/2019 5:46:59 PM PST · by karpov · 13 replies
    Wall Street Journal ^ | December 12, 2019
    Elizabeth Warren has been justly criticized for the magical math in her Medicare for All proposal. That health plan would cost perhaps $34 trillion, according to outside estimates. But Ms. Warren says the true figure is only—alakazam!—$20.5 trillion. Her wealth tax is the same way, as a fiscal fact check this week demonstrates. Ms. Warren wants to tax the net worth of affluent Americans 2% a year on assets above $50 million, and 6% on billionaires. She says it would raise $3.75 trillion over 10 years. Her campaign cites a letter from two economists at UC Berkeley, Emmanuel Saez and...
  • How to Pay the Wealth Tax: Sell Everything. Investors could pay twice as much in capital gains just to raise the funds for Ms. Warren’s levy.

    12/12/2019 5:38:01 PM PST · by karpov · 19 replies
    Wall Street Journal ^ | December 12, 2019 | Hank Adler and Madison Spach
    Elizabeth Warren’s proposed wealth tax—an annual levy on the total value of one’s assets, not income—has drawn a lot of attention. The senator’s claim that her proposal would cost “ultramillionaires” only an annual 2% and billionaires an annual 6% wildly understates the truth. Wealthy people don’t maintain bank accounts with millions or billions of dollars of liquid cash; they invest their assets. Those hit with the wealth tax would have to sell assets each year to pay it, subjecting them to income tax as well. The actual cost would often be several times greater than 2% or 6%. Ms. Warren...
  • Warren chides Biden and Buttigieg for wanting to work with Republicans

    12/12/2019 1:33:36 PM PST · by ChicagoConservative27 · 12 replies
    washingtonexaminer ^ | 12/12/2019 | Joseph Simpson
    After months of an above-the-fray strategy, Sen. Elizabeth Warren is harshly criticizing 2020 Democratic rivals Joe Biden and Pete Buttigieg, calling them Republicans-lite and afraid to defend Democratic values. In a New Hampshire speech Thursday, the Massachusetts senator unleashed some of her most scathing invective against the top-tier pair of opponents. “Unlike some candidates for the Democratic nomination, I'm not betting my agenda on the naive hope that if Democrats adopt Republican critiques of progressive policies or make vague calls for unity, that somehow the wealthy and well-connected will stand down,” she said. “Unlike some candidates for the Democratic nomination,...
  • Warren's wealth tax will generate $1 trillion less than she claims, study finds

    12/12/2019 12:06:34 PM PST · by Oldeconomybuyer · 24 replies
    CBS News ^ | December 12, 2019 | BY AIMEE PICCHI
    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...
  • Warren Wealth Tax Would Raise Nearly 30% Less Than Projected, Study Finds

    12/12/2019 5:07:55 AM PST · by karpov · 18 replies
    Wall Street Journal ^ | December 12, 2019 | Richard Rubin
    WASHINGTON— Elizabeth Warren’s wealth tax would raise $2.7 trillion over a decade, $1.1 trillion short of her presidential campaign’s estimates, according to a new analysis from the Penn-Wharton Budget Model. The difference stems in part from disagreement over the pervasiveness of tax avoidance. Still, the new study projects that the wealth tax would raise more money than critics such as former Treasury Secretary Larry Summers have argued, and the analysis suggests it could be a significant new revenue source targeted at very few people. “This is not nickels and dimes, even in our estimate,” said Kent Smetters, who runs the...
  • Elizabeth Warren Declares She Is Last Person Of Color Remaining In Democratic Race

    12/10/2019 9:33:32 AM PST · by Pining_4_TX · 42 replies
    The Babylon Bee ^ | 12/09/19 | The Babylon Bee
    "It saddens me that all the other candidates of color have dropped out," Warren said. "Luckily, I am still in the race, and a vote for me is a vote for .09% ethnic diversity in the White House. Maybe. The results were inconclusive, so it could be less than that. No guarantees."
  • Could Tax Increases Speed Up the Economy? Democrats Say Yes

    12/09/2019 10:55:26 AM PST · by karpov · 74 replies
    New York Times ^ | December 5, 2019 | Jim Tankersley
    WASHINGTON — Elizabeth Warren is leading a liberal rebellion against a long-held economic view that large tax increases slow economic growth, trying to upend Democratic policymaking in the way supply-side conservatives changed Republican orthodoxy four decades ago. Generations of economists, across much of the ideological spectrum, have long held that higher taxes reduce investment, slowing economic growth. That drag, the consensus held, would offset the benefits to growth from increased government spending in areas like education. Ms. Warren and other leading Democrats say the opposite. The senator from Massachusetts, who is a leading candidate for the Democratic presidential nomination, contends...
  • Elizabeth Warren Made $1.9 Million as Bankruptcy Lawyer Over 24 Years

    12/09/2019 7:42:10 AM PST · by karpov · 12 replies
    Bloomberg | December 8, 2019 | Misyrlena Egkolfopoulou
    No excerpt allowed from Bloomberg, story here.
  • Elizabeth Warren's Legal Work ($2M from legal work over past three decades)

    12/08/2019 6:37:05 PM PST · by yesthatjallen · 8 replies
    Warren Campaign ^ | 12 2019 | Warren Campaign
    In May 2019, the Elizabeth Warren campaign disclosed a list and descriptions of her legal work. In December 2019, the campaign updated this page to include compensation for that work wherever possible. These disclosures include all of the cases Elizabeth Warren worked on that we have been able to identify and all of the income from each case we have been able to determine from public records, Elizabeth Warren’s personal records, and other sources. Principles of Bankruptcy Counsel Amicus Consultant Expert Witness Mediator
  • New poll of California Democrats shows Bernie Sanders leading as Elizabeth Warren nosedives

    12/07/2019 10:47:05 PM PST · by KingofZion · 41 replies
    SFgate ^ | December 5, 2019 | Eric Ting
    Massachusetts Sen. Elizabeth Warren is slipping in both national and early state polls, and it looks like the slide in support is happening in California as well. A new poll from the UC Berkeley Institute of Government Studies conducted for the Los Angeles Times shows that Warren lost seven percentage points since the poll was last conducted in September, and is no longer leading the Democratic primary field. The new leader is Vermont Sen. Bernie Sanders, who is up five percentage points since the poll was last conducted. Here are top five candidates from the poll: Vermont Sen. Bernie Sanders...
  • Professor Elizabeth Warren Offers Class in Political Linguistics ("Traffic violence"?)

    12/07/2019 7:29:07 PM PST · by DoodleBob · 15 replies
    Ammoland ^ | December 6, 2019 | NRA-ILA
    Fairfax, VA – -(Ammoland.com)- Gun control advocates understand the power of language, if not the effective use of it. Over the years the anti-gun establishment has attempted to move away from the term “gun control” to more benign-sounding alternatives such as “commonsense gun safety” or “gun reform.” Their goal of civilian disarmament has remained constant, but the language has changed. Gun control advocates calculate that such shifts in language will further their political aims by obscuring their policy goals. On November 17, waning 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.) tweeted the following, Traffic violence kills thousands and injures...
  • DeepClips for Dec 7: Prince Andrew accused again; Russia hoax origin; Warren admits it; China bond defaults

    12/07/2019 4:05:59 PM PST · by MassMinuteman · 10 replies
    Clips tagged #Swamp A SECOND Jeffrey Epstein victim claims she was ordered to have sex with Prince AndrewA SECOND woman allegedly abused by paedophile billionaire Jeffrey Epstein has claimed she had sex with Prince Andrew. The fresh allegations come after Epstein's "sex slave" Virginia Roberts went on TV to claim she was ordered to have sex with … Devin Nunes on phone record release: 'We're definitely going to take legal action'House Intelligence Committee Ranking Member Devin Nunes, R-Calif., said Saturday that he would be pursuing legal action after his phone records were exposed in the release of the Committee's impeachment...
  • Elizabeth Warren Suggests She’ll Slash Defense Budget To Pay For Other Promises

    12/07/2019 11:03:44 AM PST · by SeekAndFind · 50 replies
    Hotair ^ | 12/07/2019 | Jazz Shaw
    Amid declining poll numbers, Elizabeth Warren seems to be attempting to tune up a few of her standard answers to questions about her budget-busting campaign promises. While it didn’t garner much attention at the time, Warren gave an interview to the National Education Association last month. During that meeting she was asked whether or not she supported some expensive new education programs and, if so, how she planned to pay for them.After all the damage she’s taken from her Medicare for All proposal and a (likely unconstitutional) wealth tax, Warren is clearly tired of being asked how she plans...
  • Elizabeth Warren Would Rather Make You Fix Your Terrible Public School Than Let You Send Your Kid to a Charter School

    12/06/2019 4:53:49 PM PST · by karpov · 37 replies
    Reason ^ | December 6, 2019 | Billy Binion
    Sen. Elizabeth Warren (D–Mass.) has a plan for public education, and it starts with parents. "If you think your public school is not working, then go help your public school," she told the National Education Association (NEA) as she touted her stance against charters. "Go help get more resources for [your public school]. Volunteer at your public school. Help get the teachers and school bus drivers and cafeteria workers and the custodial staff and the support staff, help get them some support so they can do the work that needs to be done. You don't like the building? You think...
  • Support for Elizabeth Warren drops to lowest since August in White House race: Reuters/Ipsos poll

    12/06/2019 6:15:35 AM PST · by C19fan · 24 replies
    Reuters ^ | December 5, 2019 | Chris Kahn
    Support for U.S. Democratic presidential candidate Elizabeth Warren dropped nationally to its lowest level in four months, and nearly one in three potential Democratic primary voters say they do not know which candidate to pick with the first nominating contests less than two months away, according to a Reuters/Ipsos public opinion poll.
  • Warren tears into Bloomberg during her appearance on Bloomberg TV

    12/04/2019 11:33:02 PM PST · by knighthawk · 2 replies
    Fox News ^ | December 04 2019 | Joseph A. Wulfsohn
    Sen. Elizabeth Warren, D-Mass., has been an outspoken critic of former New York City Mayor Michael Bloomberg's candidacy -- but on Wednesday, she took her message to his own backyard. During an interview on Bloomberg TV, host Joe Weisenthal acknowledged that his "boss" was running against Warren and asked her if it's "naive" to think that candidates such as Bloomberg, former Vice President Joe Biden and South Bend, Ind., Mayor Pete Buttigieg could champion bipartisanship in 2019 politics. Warren pushed back against the question, citing a "dozen" pieces of bipartisan legislation that have passed since President Trump took office. "There...
  • Democrat ‘Expert’ Impeachment Witness Gave $1000 Donation to Elizabeth Warren

    12/04/2019 7:14:51 AM PST · by ChicagoConservative27 · 10 replies
    Breitbart ^ | 12/04/2019 | Joel B Pollak
    Stanford Law School professor Pamela Karlan, one of three expert witnesses called by Democrats to testify on the first day of the House Judiciary Committee’s impeachment inquiry, donated $1000 to the presidential campaign of Sen. Elizabeth Warren (D-MA) in July, according to to Federal Elections Commission (FEC) data. Karlan gave the Warren for President, Inc. campaign committee two separate $500 donations on July 29, 2019, the FEC reports.
  • Warren Hates Market Concentration—or Does She?

    12/04/2019 7:06:09 AM PST · by karpov · 5 replies
    Wall Street Journal ^ | December 3, 2019 | John O. McGinnis
    Sen. Elizabeth Warren has a contradiction at the center of her political program. On the one hand, she campaigns as a relentless opponent of monopoly and a proponent of vigorous antitrust enforcement. She wants to break up big tech, restrain big banks and try to reduce market concentration throughout the economy. On the other hand, she wants to erect an unshakable monopoly in one of the largest sectors of the economy: health care. Ms. Warren plans to ultimately make private medical insurance illegal and favors a government monopoly to replace their competition. It is true that while most monopolies tend...
  • Former health insurance executive praises Sanders, Warren 'Medicare for All' plans

    12/03/2019 3:02:00 PM PST · by yesthatjallen · 16 replies
    The Hill ^ | 12 03 2019 | Tess Bonn
    A former health insurance executive offered praise on Tuesday for “Medicare for All” plans put forth by Democratic presidential candidates Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.). Wendall Potter, who spent 20 years in the health insurance industry, told Hill.TV that both policy ideas would create much needed structural changes to the health care system. Sanders and Warren have each introduced plans calling for the elimination of private health insurance in favor of a government-run health care plan. “Both of them are staunch advocates of getting to Medicare for All as soon as possible — we need to do...
  • White House hopeful Warren takes aim at unpredictable work schedules

    12/03/2019 6:26:37 AM PST · by ChicagoConservative27 · 46 replies
    reuters ^ | 12/03/2019 | Amanda Becker
    (Reuters) - Democratic White House hopeful Elizabeth Warren on Tuesday said that if elected she would require employers of 15 or more to post work schedules at least two weeks in advance, in a bid to tackle unpredictable and last-minute scheduling. If an employee seeks a change to accommodate caring for a family member, attend training or educational classes or a second job, employers would have to accede to the request unless they provide a “legitimate business reason” why not, according to a preview of the plan Warren detailed on the website Medium.