Name: Warren To Join Finance Committee, Immediately Introduce Wealth Tax Bill
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Warren To Join Finance Committee, Immediately Introduce Wealth Tax Bill

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×U.S. EditionPart of HuffPost Politics. ©2022 BuzzFeed, Inc. All rights reserved.×AdvertisementMy first order of business on the Committee – the committee that leads tax and revenue policy in the Senate – will be to introduce legislation for a on fortunes above $50 million. It is time to make the ultra-rich pay their fair share. — Elizabeth Warren (@SenWarren)Advertisement“I look forward to being a progressive voice at the table to secure meaningful relief and lasting economic security for struggling families,” Warren Tuesday. Sen. Ron Wyden (D-Ore.) will chair the finance committee, Senate Majority Leader Chuck Schumer Tuesday.“Our to-do list is long,” Warren continued. “We must provide immediate relief for families struggling under the weight of twin health and economic crises. We must make health care in America a human right and expand public programs like Medicaid and lower the Medicare eligibility age. And we must ensure those at the very top actually pay their fair share to keep America strong ― including a wealth tax on fortunes over $50 million to fund needed investments for working families.”Polling during her campaign indicated popular support for reducing income inequality in the U.S. More than 60% in July 2019 that they would support such measures. Warren also noted that she intends to serve as “an aggressive advocate for accomplishing much of our agenda through the budget reconciliation process.” AdvertisementIn a Senate chamber where Democrats have the slimmest of majorities, for senators seeking to pass legislation in support of President Joe Biden’s agenda. Passing a bill through budget reconciliation requires just a simple majority approval, but only a limited number of bills that affect federal spending and revenue can be passed this way ― such as former President Donald Trump’s 2017 tax cut bill.Suggest a correctionNewsletter Sign UpHuffPost's top politics stories, straight to your inbox.Successfully Subscribed!Realness delivered to your inbox

×U.S. EditionPart of HuffPost Politics. ©2022 BuzzFeed, Inc. All rights reserved.×AdvertisementMy first order of business on the Committee – the committee that leads tax and revenue policy in the Senate – will be to introduce legislation for a on fortunes above $50 million. It is time to make the ultra-rich pay their fair share. — Elizabeth Warren (@SenWarren)Advertisement“I look forward to being a progressive voice at the table to secure meaningful relief and lasting economic security for struggling families,” Warren Tuesday. Sen. Ron Wyden (D-Ore.) will chair the finance committee, Senate...

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Warren To Join Finance Committee, Immediately Introduce Wealth Tax Bill

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