Dec 20, 2019

Warren on economists criticizing her wealth tax: "They're just wrong"

Sen. Elizabeth Warren said at the Democratic debate Thursday that economists who claim her wealth tax proposal would stifle growth and investment are "just wrong."

Why it matters: Warren's riff on the wealth tax, in which she emphasized how "a two cent tax" on fortunes of $50 million and above, has become a core part of her stump speech.

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Trump says Warren's campaign is "dead" amid conflict with Sanders

President Trump tweeted Monday his analysis of the current state of the Democratic presidential field, bringing up this weekend's quarrel between Elizabeth Warren and Bernie Sanders over campaign scripts.

"Bernie Sander's volunteers are trashing Elizabeth 'Pocahontus' Warren. Everybody knows her campaign is dead and want her potential voters. Mini Mike B is also trying, but getting tiny crowds which are all leaving fast. Elizabeth is very angry at Bernie. Do I see a feud brewing?"
Go deeperArrowJan 13, 2020

Elizabeth Warren on the issues, in under 500 words

Photo: Scott Eisen/Getty Images

Elizabeth Warren is a Massachusetts senator known for her consumer advocacy and efforts to regulate big financial institutions. Her brainchild, the Consumer Financial Protection Bureau, was created in 2011.

Go deeperArrowUpdated Jan 14, 2020

Big banks saved billions thanks to the Trump tax cuts

Illustration: Aïda Amer/Axios

The Tax Cut and Jobs Act helped power the biggest U.S. banks to record profits for the second straight year.

Why it matters: The tax cut was sold as a way to revitalize hiring and spending by American companies to boost the economy and help struggling workers, but the windfall is largely staying with banks and their shareholders.

Go deeperArrowJan 17, 2020