Election

THAT WAS FAST: Nonpartisan Study Says Warren’s Wealth Tax Will Generate 30% LESS Than Expected

posted by Hannity Staff - 12.12.19

Elizabeth Warren’s ‘Ultra Wealth Tax’ hit an unexpected snag this week, with a nonpartisan study projecting the proposal would generate 30% less tax funds than her campaign claims.

“A nonpartisan academic study concludes that Democratic presidential candidate Sen. Elizabeth Warren’s proposed “wealth tax” on the richest Americans would bring in at least $1 trillion less than the populist lawmaker from Massachusetts estimates,” reports Fox News.

“A University of Pennsylvania Penn Wharton Budget Model – which offers nonpartisan analysis of public policy proposals – estimates, though, that Warren’s tax would raise between $2.3 trillion to $2.7 trillion over a decade. That’s as much as $1.4 trillion less than the Warren campaign’s estimates. The analysis was released on Thursday,” adds Fox.

Sen. Warren’s campaign dismissed the study.

“This analysis does not study Elizabeth’s actual plans — it does not account for the strong anti-evasion measures in her wealth tax and does not even attempt to analyze the specific investments Elizabeth is committed to making with the wealth tax revenue,” Warren campaign spokesperson Saloni Sharma said in a statement to Fox News. “This is an analysis of a different and worse plan than Elizabeth’s, using unsupportable assumptions about how the economy works, and its conclusions are meaningless.”

Read the full report here.

Source: Fox News

BACKLASH: Elizabeth Warren’s ‘Billionaire Tears’ Campaign Merchandise Sparks Criticism

posted by Hannity Staff - 11.14.19

Senator Elizabeth Warren raised eyebrows on both sides of the political aisle this week after her campaign store began selling merchandise labeled with “Billionaire Tears,” a move some are calling inappropriate and distasteful.

“Presidential candidate Elizabeth Warren isn’t backing down from her fight against billionaires — in fact, the Democratic senator from Massachusetts is now selling $25 ‘billionaire tears’ mugs on her campaign website,” reports Yahoo News.

“In November 2019, billionaire and former Goldman Sachs executive Leon Cooperman (who as recently as 2017 settled with the SEC on insider-trading charges) was brought to tears on live television while discussing the prospect that a President Elizabeth Warren might require him to pay his fair share in taxes,” writes Warren’s webstore.

“Savor a warm, slightly salty beverage of your choice in this union-made mug as you contemplate all the good a wealth tax could do: universal childcare, student debt cancellation, universal free college, and more,” adds the site.

“I’ve paid over $10 billion in taxes,” said billionaire Bill Gates when asked to comment on Warren’s ‘Ultra Wealth’ tax. “If I had to pay $20 billion, it’s fine. But when you say I should pay $100 billion, OK then I’m starting to do a little math about what I have left over. You really want the incentive system to be there, and you can go a long way without threatening that.”

Read the full report here.

Source: Yahoo News

Sen. Warren Unveils ‘Universal Child Care’ Plan, Will Cost $70 BILLION PER YEAR

posted by Hannity Staff - 2.19.19

2020 Democratic presidential hopeful Elizabeth Warren pulled-back the curtains on her long-promised “Universal Child Care” proposal Tuesday; with analysts confirming the plan would likely cost $70 billion per year.

“Democratic presidential candidate Elizabeth Warren proposed a universal child care plan that would limit American families’ expenses to 7 percent of income regardless of how many children they have in care — paid for by a tax on the ultra-wealthy,” writes Bloomberg.

“Warren’s plan would cost taxpayers $70 billion per year, according to an analysis by Moody’s Analytics economists Mark Zandi and Sophia Koropeckyj,” adds the report.

Read the full report here.

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