Warren to Propose a ‘Wealth Tax’

2% to 3%

Sen. Elizabeth Warren (D-MA) will propose a new annual “wealth tax” on Americans with more than $50 million in assets, as Democratic leaders vie for increasingly aggressive solutions to the nation’s soaring wealth inequality, the Washington Post reports. “Emmanuel Saez and Gabriel Zucman, two left-leaning economists at the University of California, Berkeley, have been advising Warren on a proposal to levy a 2 percent wealth tax on Americans with assets above $50 million, as well as a 3 percent wealth tax on those who have more than $1 billion, according to Saez.”

TYrump Re-Election Campaign Already Raised $100 Million

$100 million

“President Trump has topped $100 million in fundraising for his 2020 reelection bid — an enormous haul for a president barely two years into his first term,” the Washington Post reports. “Trump pulled in more than $18 million last quarter through his campaign committee and two joint fundraising committees with the Republican National Committee, for a total of at least $106 million since January 2017, according to his campaign and federal filings.”