Monday, August 19, 2019

Warren's plans to fix America require $5 trillion in new taxes -- just for starters

  1. Warren noted that an independent analysis by Moody's projected that much of the cost of the plan would be covered by her proposed real corporate profits tax, which would raise $1 trillion in a decade by eliminating exemptions and raising rates.
  2. It includes a $400 billion Green Apollo Program for clean energy research and development, a $1.5 trillion Green Industrial Mobilization to purchase American-made green products for the federal government, and a $100 billion Green Marshall Plan to prod other countries to buy U.S. green technology.
  3. Her college plan and other high-priced proposals would be paid for with an ultra-millionaire tax that she says would raise $2.75 trillion in a decade from a 2-cent annual levy on every dollar of wealth over $50 million, according to the campaign.
  4. The Washington Times tally of a $5 trillion price tag did not include the cost of fully implementing a Green New Deal environmental makeover of the U.S. economy, estimated at between $52 trillion and $93 trillion, or Medicare for All, estimated at between $28 trillion and $32 trillion.
  5. Elizabeth Warren, who has made I have a plan for that the catchphrase for the campaign, rolls out spending proposals on an almost weekly basis.


https://www.washingtontimes.com/news/2019/aug/18/elizabeth-warrens-plans-cost-5-trillion-over-10-ye/

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