Elizabeth Warren's '2-cent tax,' explained
Warren has a plan for enacting her plans. Photo: Michael Dwyer/AP One of the refreshing aspects of the 2020 Democratic presidential-nominating process so far has been a willingness of candidates to reflect on the experiences of President Obama and recognize that Republican obstruction is not just going to disappear. So those with ambitious progressive policy agendas are feeling some pressure to explain non-magical ways in which they can become reality.
Warren quickly identified anti-corruption legislation as the principal table-setting device for a new administration. Why? Basically to serve notice on members of Congress and their staffs that in looking at legislation that offends wealthy and powerful interests, they can no longer imagine themselves joining the ranks of lobbyists in the near future:
Her starting point for “passing the rest of it” is well-considered, as well: enacting a wealth tax to generate revenues for the spending plans that would come later.
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