Elizabeth Warren -once again- refused to outline specifics of her multi-trillion dollar proposals this week; saying her ‘Ultra Wealth Tax’ will be implemented on the richest Americans using “super duper enforcement.”
“Built write into the plan is super-duper enforcement. No more, you know, you assign two IRS agents to try and keep up with the whole thing. Nope! We put it right into the cost,” said Warren.
Elizabeth Warren’s “plan for that” is literally “super duper enforcement.”
You can’t make this up. pic.twitter.com/B3a3OcXlcg
— Caleb Hull (@CalebJHull) October 30, 2019
A new study released by a bipartisan think-tank threw more cold water on Sen. Elizabeth Warren’s ‘Medicare for All’ proposal this week; saying it would be “impossible” to fund the plan by simply raising taxes on the wealthy.
“The report, published by the Committee for a Responsible Federal Budget, examines a variety of potential ways to raise the estimated $30 trillion over 10 years necessary to fund ‘Medicare-for-all,’ including a 32 percent payroll tax, a 25 percent income surtax and a 42 percent value-added tax. These methods could all raise $30 trillion, the report says, but there is no way for the federal government to bring in that much money simply by taxing rich people,” reports Fox News.
“There is not enough annual income available among higher earners to finance the full cost of ‘Medicare-for-All,'” it says. “On a static basis, even increasing the top two income tax rates (applying to individuals making over $204,000 per year and couples making over $408,000 per year) to 100 percent would not raise $30 trillion over a decade.”
How you finance #MedicareForAll matters A LOT.
For example, many option could lift marginal rates to or above revenue-maximizing levels, leaving little tax capacity to fund much of anything else. https://t.co/eIP40nc1N8
cc/ @BudgetHawks pic.twitter.com/dkPJxZqIUO
— Marc Goldwein (@MarcGoldwein) October 28, 2019
Warren has refused to comment on whether her massive healthcare proposal would ultimately raise taxes on all Americans -including the middle class.
A PLAN FOR THAT? Elizabeth Warren Unveils $1 TRILLION Plan to Fight ‘Environmental Racism’
Democratic frontrunner Elizabeth Warren unveiled her latest policy proposal regarding climate change this week; calling for $1.5 trillion in new spending to combat “environmental racism.”
“In 1987, the United Church of Christ’s Commission on Racial Justice commissioned one of the first studies on hazardous waste in communities of color. A few years later – 28 years ago this month – delegates to the First National People of Color Environmental Leadership Summit adopted 17 principles of environmental justice. But in the years since, the federal government has largely failed to live up to the vision these trailblazing leaders outlined, and to its responsibilities to the communities they represent,” writes Warren.
Justice for communities on the front lines of the climate crisis must be at the core of our response to climate change. Here's my plan for how I'll center environmental justice in the fight to end the climate crisis. https://t.co/agB4llfPRg
— Elizabeth Warren (@ewarren) October 9, 2019
“From predominantly black neighborhoods in Detroit to Navajo communities in the southwest to Louisiana’s Cancer Alley, industrial pollution has been concentrated in low-income communities for decades,” she adds. “The Green New Deal will involve deploying trillions of dollars to transform the way we source and use energy. In doing so, the government must prioritize resources to support vulnerable communities and remediate historic injustices.”
Read Warren’s full plan here.
ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change
Firebrand Senator and potential 2020 presidential candidate Elizabeth Warren unveiled her latest proposal to combat climate change Monday; suggesting the use of the US military to confront global warming.
“In short, climate change is real, it is worsening by the day, and it is undermining our military readiness. And instead of meeting this threat head-on, Washington is ignoring it — and making it worse,” writes Warren in an op-ed published by Medium.
“We have the most capable military in the world. It’s also the single largest government consumer of energy, and it’s dependent on fossil fuels. The Pentagon spends about $4 billion a year to power its bases at fixed locations and consumes tens of billions of barrels of fuel per year,” she adds.
“Nibbling around the edges of the problem is no longer enough — the urgency of the moment demands more. That’s why today I am introducing my Defense Climate Resiliency and Readiness Act to harden the U.S. military against the threat posed by climate change, and to leverage its huge energy footprint as part of our climate solution,” concludes Warren.
Together, we can work with our military to fight climate change. https://t.co/fYixnw11bz
— Elizabeth Warren (@ewarren) May 19, 2019
The far-left Senator’s comments come weeks after she unveiled a series of new government programs that economists say will cost US taxpayers trillions per year.
“If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover,” claimed Warren on social media.
If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover. #WarrenTownHall pic.twitter.com/1MMM1eOghf
— Elizabeth Warren (@ewarren) April 23, 2019
According to leading economists, the Senator’s proposal to forgive student loan debt and introduce tuition-free public colleges would cost over $1.25 trillion over the next decade.
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