Opinion: Elizabeth Warren’s Untenable Plans - - PressFrom - US
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Opinion Elizabeth Warren’s Untenable Plans

17:21  30 october  2019
17:21  30 october  2019 Source:   nationalreview.com

Warren says she will soon release plan to fund 'Medicare for All'

  Warren says she will soon release plan to fund 'Medicare for All' The Democratic presidential candidate has come under fire from 2020 rivals for declining to get into specifics about how she'll pay for her plan."What I see though is that we need to talk about the cost and I plan over the next few weeks to put out a plan that talks about, specifically, the cost of Medicare for All and specifically how we pay for it," the Massachusetts senator said during a campaign stop in Indianola, Iowa.

Support elizabeth ' s campaign. Elizabeth Warren doesn't accept contributions from PACs of any kind or federally registered lobbyists. Elizabeth has a lot of plans , but they’re really one simple plan : We need to tackle the corruption in Washington that makes our government work for the

Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former academic serving as the senior United States Senator from Massachusetts since 2013.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Elizabeth Warren wearing a red and white flag: Senator Elizabeth Warren (D, Mass.) speaks to supporters in Memphis, Tenn., March 17, 2019.© Karen Pulfer Focht/Reuters Senator Elizabeth Warren (D, Mass.) speaks to supporters in Memphis, Tenn., March 17, 2019.

If you’ve been having trouble finding someone to walk your dog, don’t worry. Any day now, Elizabeth Warren will announce “a plan for that.” It will undoubtedly be comprehensive, detailed, and replete with subsidies for lower- and middle-class dog walkers and underserved breeds. It will cost tens of billions of dollars and will receive widespread positive notice from the media. However, to judge by her other recent plans, the one thing it won’t include is any discussion of how she plans to pay for it.

Elizabeth Warren downplays AOC endorsement snub

  Elizabeth Warren downplays AOC endorsement snub Elizabeth Warren shrugged off Alexandria Ocasio-Cortez's endorsement snub after Bernie Sanders beat her to the liberal firebrand's support."I am a fan of the congresswoman. She's done some terrific work. We have worked together, and I know that once this primary is over we're all going to be on the same side," the Massachusetts senator said in Iowa on Sunday.

Elizabeth Warren , US senator from Massachusetts and one of the many Democrats running for president in 2020, speaks in San Juan, Puerto Warren ’ s reforms are not baubles displayed to reflect the style of the day. Like Sanders, considered the frontrunner until recently, she puts forth a coherent

Elizabeth Warren ’ s Terrible Plans . Elizabeth Warren is being lauded as the serious candidate in the race. Her motto, “I have a plan for that,” is accepted as proof that she is thoughtful and conscientious.

The Massachusetts senator has challenged and possibly overtaken former vice president Joe Biden as the front-runner for the Democratic nomination, largely based on having a plan for the government to tackle every problem facing this country, no matter how big or how small, from issues with military housing to Puerto Rican debt to climate change.

The price tag for this massive expansion of government is enormous. Much of the attention in recent weeks has been focused on Warren’s embrace of Medicare for All, which she refuses to admit would require an increase in middle-class taxes. Even Vermont senator Bernie Sanders has conceded that such proposals, which would cost $30–40 trillion over 10 years, cannot be financed without tax hikes. Warren’s refusal to address this obvious fact makes her look less like a would-be policy wonk and more like a typical politician.

Grover Norquist: Elizabeth Warren wants to raise taxes for middle-class Americans – Not just the rich

  Grover Norquist: Elizabeth Warren wants to raise taxes for middle-class Americans – Not just the rich Elizabeth Warren fashions herself a serious policy person who will level with the American people. But she’s just another tax-and-spend liberal who has a problem telling the truth. As it turns out, Americans know they already pay enough in taxes. They also know the games Democrats play with tax rhetoric: A promise during the campaign to only raise taxes on a tiny part of the very wealthiest Scrooge McDucks.But once in office, the Democratic politicians “discover” by golly that they, in fact, will be imposing tax increases on nearly everyone.Warren has extraordinarily expensive big plans, funded courtesy of your wallet.

Senator Elizabeth Warren delivers a speech about the Republican vote to defund Planned Parenthood on the Senate floor on August 3, 2015.

Elizabeth Warren ' s (D-Mass.) steady rollout of policy plans resurrected her 2020 Democratic presidential campaign. In the seven years since, Warren has become the most active politician in America when it comes to investigating, transforming and eliminating student debt.

But even setting aside Medicare for All, Warren’s plans are likely to dump oceans of red ink onto our growing national debt. Her non-health-care spending proposals already total some $7.5 trillion per year over the next 10 years. Although these are not quite Bernie levels of government largesse, her proposals would still require nearly double our current levels of spending.

To pay for all this, Warren proposes a variety of tax hikes, mostly designed to hit corporations or high-earners: higher payroll taxes for those earning more than $250,000 per year; a 7 percent profits tax on companies earning more than $100 million; a 60 percent lobbying tax on firms that spend a million or more on lobbying, and so forth. But the biggest chunk of money would come from Warren’s proposed “wealth tax,” a 2 to 3 percent levy on net worth above $50 million. Warren estimates that this wealth tax will pull in more than $2.75 trillion over ten years. It won’t.

Warren health care plan pledges no middle class tax increase

  Warren health care plan pledges no middle class tax increase Elizabeth Warren is promising to spend more than $20 trillion over the next decade to provide government-funded health care to every American without raising middle class taxes. The stakes are high since Warren spent weeks, and two straight Democratic presidential primary debates, refusing to provide a straight answer on if she'd have to increase middle class to pay for her "Medicare for All" plan.

Elizabeth Warren has a plan to completely reform the criminal justice system from front to back. Eight towns, four days, one RV—and lots of terrific people and delicious food at the Iowa State Fair!

Warren ’ s plan would levy a 2 percent tax on wealth above million and a 3 percent tax on wealth above billion. Sanders increases the tax brackets and the total tax with the further call for a “national wealth registry” to track Elizabeth Warren ’ s rebranding follows a long history of right-wing politics.

First, there is the slight problem that a wealth tax is probably unconstitutional. Of course, constitutional constraints are quaint notions in the Age of Trump. Regardless, it is worth noting that the Constitution permits the federal government to impose only “direct taxes,” such as a property tax. That’s why it required a constitutional amendment to enact the federal income tax. Many constitutional scholars warn that a wealth tax is neither a direct tax nor income tax.

Even if Warren can find a way around the constitutional guardrails — perhaps by something such as a retrospective wealth tax in which you wait until a taxpayer sells assets or passes away — a wealth tax is unlikely to raise anywhere near the amount of money she predicts.

Simply look at Europe’s experiments with wealth taxes. At one time, a dozen European countries imposed wealth taxes. Today, all but three have abandoned those levies. Among those repealing their wealth tax are the Scandinavian social democracies that Warren admires, Denmark, Finland, and Sweden. Norway retains a wealth tax but has significantly reduced it in recent years. Additional countries abandoning the tax include Austria, France, Germany, Iceland, Ireland, Luxembourg, and the Netherlands. Other countries, such as Great Britain, have considered wealth taxes and rejected them.

Joe Biden slams Elizabeth Warren's 'wrong presidential primary' comment as elitist

  Joe Biden slams Elizabeth Warren's 'wrong presidential primary' comment as elitist Joe Biden slammed Elizabeth Warren as out of touch after she accused him of running in the "wrong presidential primary," writing in a Medium post on Tuesday that such attacks are "condescending to the millions of Democrats who have a different view."Joe Biden slammed Elizabeth Warren as out of touch after she accused him of running in the "wrong presidential primary," writing in a Medium post on Tuesday that such attacks are "condescending to the millions of Democrats who have a different view.

Elizabeth Warren , Cambridge, MA. 3.3M likes. United States Senator from Massachusetts, former teacher, and candidate for President of the United States . See more of Elizabeth Warren on Facebook.

Elizabeth Warren Unveils Education Plan To Fight Segregation And High-Stakes Testing. The sweeping plan also takes aim at charters, suggesting they divert precious resources away from traditional public schools.

They did so because wealth taxes are administratively complex and difficult to enforce. Also, they significantly reduce investment, entrepreneurship, and, ultimately, economic growth. According to the Organization for Economic Cooperation and Development, European wealth taxes raised, on average, only about 0.2 percent of GDP in revenues. By comparison, the U.S. federal income tax raises 8 percent of GDP.

Two groups, however, would benefit substantially from a wealth tax. The tax would be a full-employment opportunity for the tax-preparation industry and for lawyers. After all, we would now have to determine fair market value for everything from homes and vehicles to artwork and jewelry to family pension rights and intellectual property. The other big winner would be lobbyists, who could be expected to descend on Washington en masse seeking exemptions and exceptions for their clients. If you think the tax code is a mess today, just wait until D.C. is done with Warren’s plan.

There is an old Yiddish proverb that goes “Mann tracht, un Gott Lacht,” or “Man plans, and God laughs.” It is all well and good that Senator Warren has a plan for everything. But until she actually figures out how to pay for everything without crippling our economy, such plans really don’t add up.

The tax proposals by Elizabeth Warren are simply not realistic .
The combined costs of her various proposals would amount to an unrealistic amount of money.Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

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