Election

Wall Street Journal: Elizabeth Warren’s Tax Plan Could Push Rates OVER 100%

posted by Hannity Staff - 11.15.19

A new report from the Wall Street Journal is shedding dramatic new light on Elizabeth Warren’s economic proposal; saying her recently revealed tax plan could bring rates over 100% for wealthy Americans.

“Democratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%,” writes the Wall Street Journal.

“That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder: Under which circumstances would taxpayers have to pay those rates? How might that change their behavior? And would investment and economic growth suffer?” adds the report.

The rising presidential candidate came under fire earlier this week after she began selling merchandise on her campaign web store branded with the slogan “Billionaire Tears.”

“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: Wall Street Journal

ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change

posted by Hannity Staff - 5.20.19

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.

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.

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.

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

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