Warren 'wealth tax' estimates too optimistic, analysis says
WASHINGTON (AP) ” Elizabeth Warren’s signature ‘wealth tax’ would bring in at least $1 billion less in new government revenue than the Democratic presidential candidate estimates while ultimately shrinking the economy over the next 30 years, according to a new academic analysis.The Massachusetts senator wants a 2% tax on fortunes worth $50 million-plus and a levy three times that on anyone who has a net worth of more than $1 billion. She has pledged to use those to dramatically remake […]
