Friday, November 15, 2019

Elizabeth Warren's Tax Plan Includes Rates of Over 100% for Some People

The staggering economic impact of a tax plan proposed by Democratic presidential candidate Sen. Elizabeth Warren of Massachusetts is now being exposed.

The Wall Street Journal did the math and found that the federal tax rates of some Americans could be over 100 percent under Warren’s plan.

That finding was part of a drumbeat of warnings about the effects of Warren’s proposals.

According to a report from The New York Times, a Penn Wharton Budget Model analysis revealed Warren’s plans could reduce economic growth 1.5 percent per year to 1.3 percent.

More @ WJ

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