Jun 28, 2019

Debate night: What the candidates are saying about taxation

Photo: Drew Angerer/Getty Images

Taxation has become a foremost issue in the 2020 Democratic primaries on the heels of an administration widely accused of favoring corporations and the rich.

Why it matters: Taxation has become a defining issue among Democrats. Wealth-tax plans like Sen. Elizabeth Warren's have drawn considerable attention and boosted her platform. Sen. Bernie Sanders similarly favors a tax overhaul and emphasizes his belief that corporations aren't paying their fair share. But after President Trump's 2017 tax cuts, a Democratic administration would have a lot to do to reverse conservative policy on the issue.

What they're saying: On the second night of the first Democratic debates, candidates took aim at tax cuts for the highest economic class.

  • Sen. Bernie Sanders: When asked if taxes will go up for the middle class to fund medicare for all, he stated, "Yes, they will pay more in taxes and less in health care for what they get."
  • Former Vice President Joe Biden: "The one thing I agree on is we can make massive cuts in the $1.6 trillion in tax loopholes out there, and I would be going about eliminating Donald Trump's tax cut for the wealthy."
  • Sen. Kamala Harris: "For too long, the rules have been written in the favor of the people who have the most and not in favor of the people who work the most... On Day One, I will repeal that tax bill that benefits the top 1% and the biggest corporations of America."
  • Andrew Yang: "We need to put the American people in position to benefit from all these innovations and other parts of the economy. If we had a value-added tax at even half the European level, it would generate over $800 million in new revenue... It would be the trickle up economy."

Go deeper: Filthy rich, owing no taxes

Go deeper

Coronavirus dashboard

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  1. Global: Total confirmed cases as of 7 p.m. ET: 5,682,389 — Total deaths: 354,944 — Total recoveries — 2,337,385Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 1,697,459 — Total deaths: 100,271 — Total recoveries: 391,508 — Total tested: 15,192,481Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Business: African American business owners have seen less relief from PPP, Goldman Sachs saysDisney plans phased reopening on July 11Author Ann Patchett says bookstores are innovating to stay connected with customers.
  5. Tech: AI will help in the pandemic — but it might not be in time for this one.
  6. 1 🎶 thing: Local music venues get rocked by coronavirus.
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Updated 11 mins ago - Politics & Policy

Top Senate Democrat says State Dept. is working on new Saudi arms deal

Secretary of State Mike Pompeo briefs reporters on May 20. Photo: Nicholas Kamm/pool/AFP via Getty Images

Senate Foreign Relations ranking member Bob Menendez (D-N.J.) wrote in a CNN op-ed on Wednesday that he learned that the State Department is currently working to sell thousands of additional precision-guided bombs to Saudi Arabia.

Why it matters: Democrats say that Steve Linick, the State Department inspector general who was ousted on Secretary of State Mike Pompeo's recommendation, was investigating the administration's previous effort to sell weapons to Saudi Arabia without congressional approval.

U.S. coronavirus death toll crosses 100,000

Data: Johns Hopkins University; Chart: Danielle Alberti/Axios

More than 100,000 Americans have died of the coronavirus, according to data from Johns Hopkins — a terrible milestone that puts the death toll far beyond some of the most tragic events in U.S. history.

By the numbers: The death toll from COVID-19 now stands at more than 34 times the number of people who died on 9/11.