• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Warren Says She Is ‘Really Frustrated’ Over Her Wealth Tax Proposal

Warren Says She Is ‘Really Frustrated’ Over Her Wealth Tax Proposal

May 27, 2021
JENNIFER SEY: UPenn Was Just The Beginning

JENNIFER SEY: UPenn Was Just The Beginning

July 19, 2025
LARRY ELDER: The Judicial Tyranny Of Justice Ketanji Brown Jackson

LARRY ELDER: The Judicial Tyranny Of Justice Ketanji Brown Jackson

July 19, 2025
EXCLUSIVE: How Biden EPA Scrambled To Beat Clock And Route Billions To Political Allies

EXCLUSIVE: How Biden EPA Scrambled To Beat Clock And Route Billions To Political Allies

July 19, 2025
JOSH HAMMER: Intersectional Communist Zohran Mamdani Shows Democrats Can’t Quit Obamaism

JOSH HAMMER: Intersectional Communist Zohran Mamdani Shows Democrats Can’t Quit Obamaism

July 19, 2025
VIJAY JAYARAJ: Asia’s Pivot Toward Nuclear Energy

VIJAY JAYARAJ: Asia’s Pivot Toward Nuclear Energy

July 19, 2025
House Dems Begin To Take Credit For Provisions In Trump-Backed Law They Voted Against

House Dems Begin To Take Credit For Provisions In Trump-Backed Law They Voted Against

July 19, 2025
California’s Plan To Sue Trump For Literally Everything Might Not Pan Out As Newsom Hopes

California’s Plan To Sue Trump For Literally Everything Might Not Pan Out As Newsom Hopes

July 19, 2025
DOJ Formally Asks Manhattan Court To Unseal Epstein Grand Jury Testimony

DOJ Formally Asks Manhattan Court To Unseal Epstein Grand Jury Testimony

July 18, 2025
Trump Files Suit Against Murdoch Over WSJ Epstein Story

Trump Files Suit Against Murdoch Over WSJ Epstein Story

July 18, 2025
Susan Collins’ Approval Rating At Record Low, Poll Claims

Susan Collins’ Approval Rating At Record Low, Poll Claims

July 18, 2025
Pulitzer Prize-Winning WaPo Reporting Was Based Off ‘Blatantly False’ Intel, ODNI Report Says

Pulitzer Prize-Winning WaPo Reporting Was Based Off ‘Blatantly False’ Intel, ODNI Report Says

July 18, 2025
Scott Bessent Brutalizes His Biden-Era Predecessor After She Invokes China In Attempt To Get At Trump

Scott Bessent Brutalizes His Biden-Era Predecessor After She Invokes China In Attempt To Get At Trump

July 18, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 19, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home IJR

Warren Says She Is ‘Really Frustrated’ Over Her Wealth Tax Proposal

by Savannah Rychcik
May 27, 2021 at 2:39 pm
in IJR
245 7
1
Warren Says She Is ‘Really Frustrated’ Over Her Wealth Tax Proposal
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Sen. Elizabeth Warren (D-Mass.) is sharing her frustration with her wealth tax proposal as it appears she is having difficulty getting it passed in Congress.

In March, Warren unveiled her Ultra-Millionaire Tax Act, which would implement a 2% tax on fortunes of over $50 million. The New York Times reported, “Warren’s wealth tax would apply a 2 percent tax to individual net worth — including the value of stocks, houses, boats and anything else a person owns, after subtracting out any debts — above $50 million.”

The newspaper added, “It would add an additional 1 percent surcharge for net worth above $1 billion.”

During an appearance on MSNBC host Stephanie Ruhle pointed out a majority of voters support a wealth tax.

Ruhle asked Warren, “Can you help us understand where’s the resistance?”

Warren explained, “You know, I feel really frustrated about this one… I keep talking this up. I try to talk about it on the Republican and Democratic side in the Senate and the House and I’ve got a lot of partners in this but not enough to move it forward.”

Check out the video below:

.@SenWarren on her wealth tax proposal and getting it passed in Congress: "You know, I feel really frustrated about this one."#RuhleReports pic.twitter.com/ZQaBPVmM4k

— MSNBC Reports (@MSNBC_reports) May 27, 2021

The senator noted most of America paid around 7.2% of their total wealth in 2020.

“That top one tenth of 1%, the people who would be affected by the wealth tax, they paid 3.2%, less than half as much. A wealth tax, they’d still be getting a great deal. To me it’s like we’ve gotta get this breakthrough,” Warren said.

She continued, “We’ve got to persuade our elected representatives that it is time not just to focus on income, where the differences are big, but to focus on wealth, where the differences are enormous, and where those big fortunes are out there now creating their own weather systems… it’s time for a wealth tax in America.”

Tags: Elizabeth Warren
Share196Tweet123
Savannah Rychcik

Savannah Rychcik

IJR, Writer

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th