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Nonpartisan Analysis Weighs In On Elizabeth Warren’s Wealth Tax Math, Says It Doesn’t Add Up

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An academic, nonpartisan study has concluded that the math behind Democratic presidential candidate Sen. Elizabeth Warren’s wealth tax and found that something’s a bit off about the numbers.

According to the new findings, the “wealth tax” on America’s wealthiest folks will actually bring in $1 trillion less than what Warren estimates.

Warren says the wealth tax would be a big help in funding her massive progressive policies such as the universal child care, free tuition at public universities, and the big one, “Medicare-for-all” and other programs. The plan would put a two percent tax on individuals worth $50 million or more and a six percent tax on those worth more than $1 billion.

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A University of Pennsylvania Penn Wharton Budget Model – which offers nonpartisan analysis of public policy proposals – estimates, though, that Warren’s tax would raise between $2.3 trillion to $2.7 trillion over a decade. That’s as much as $1.4 trillion less than the Warren campaign’s estimates. The analysis was released on Thursday.

It also concludes that the new taxes would cause the economy to contract between 0.9 percent and 2.1 percent by 2050 — depending on how the new revenue is spent. The model says the new tax would reduce “private capital formation” enough to drive the U.S. economy’s average wage down between 0.9 percent and 2.3 percent, even affecting households not rich enough to qualify for the tax.

Warren’s campaign disputed the findings.

“This analysis does not study Elizabeth’s actual plans — it does not account for the strong anti-evasion measures in her wealth tax and does not even attempt to analyze the specific investments Elizabeth is committed to making with the wealth tax revenue,” Warren campaign spokesperson Saloni Sharma said in a statement to Fox News. “This is an analysis of a different and worse plan than Elizabeth’s, using unsupportable assumptions about how the economy works, and its conclusions are meaningless.”

The study was released just hours before Warren was supposed to deliver an economic speech in New Hampshire with the topic being how “corruption has fueled the economic challenges facing working families.”

Warren has repeatedly defended the wealth tax, tossing out the same old tired progressive line about how the rich do not pay their fair share in taxes.

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MSNBC Likens Trump Voters to ‘Slave Owners,’ Says 4th of July Is ‘Independence for White Men’

MSNBC host Tiffany Cross, y’all…

John Salvatore

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You have probably never heard of Tiffany Cross, considering she works over at MSNBC. Hopefully, this is the first and only time we’ll have to write an article about her. Like Colin Kaepernick, Cross used her platform to bash America on Independence Day. She even compared Trump supporters to “colonizing slave owners.” The modern-day liberal is not a good person. Cross said, “And so here we are celebrating the birth of a nation, independence for white men at a site described by one native American activists as “a symbol of white supremacy.” Trump choosing Mount Rushmore for a 4th of July campaign stop is just like when he chose Tulsa, the site of the 1921 massacre against black Americans, for his Juneteenth weekend rally. It’s that cool, tired and familiar jab to black, brown and indigenous people that makes the shrinking MAGA voter feel as big as a 60-foot face of a colonizing slave owner.” WATCH: https://twitter.com/TimJGraham/status/1279798547563634689?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1279798547563634689%7Ctwgr%5E&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F07%2Fsick-msnbc-host-labels-4th-july-independence-white-men-compares-trump-voters-colonizing-slave-owners%2F From Daily Wire: President Donald Trump played a video during the White House Coronavirus Press Briefing on Monday that showed the media’s initial response to the coronavirus outbreak and highlighted his response to the outbreak and showed Democratic governors around the country praising the Trump administration for the work they did. […] CNN cut away from the press conference shortly after the video started playing and MSNBC followed suit several moments later. https://twitter.com/PeterAtlantic/status/1249822751491330048 Here’s the video Trump played… https://twitter.com/jasonrantz/status/1249824309742161920?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1249824309742161920&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Ftrump-plays-video-of-medias-response-to-coronavirus-democrats-praising-him-cnn-msnbc-cut-away And here’s the cut away from the liberal outlets… https://twitter.com/RNCResearch/status/1249827288734208001?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1249827288734208001&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Ftrump-plays-video-of-medias-response-to-coronavirus-democrats-praising-him-cnn-msnbc-cut-away

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Obama White House Doctor: ‘I Think’ Joe Biden Has Some ‘Cognitive Issues’

Don’t necessarily need to be a doctor to see that…

John Salvatore

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Democrats don’t want to vote for Joe Biden. They just want to vote against President Trump. Joe has consistently shown the public that he doesn’t have what it takes to be commander-in-chief. And you don’t need to be a doctor to understand that he’s not all there upstairs. From Breitbart: Former White House Physician Dr. Ronny Jackson told The Kyle Olson Show that former Vice President Joe Biden needs to take a cognitive assessment and release the results, but that his campaign won’t let that happen. “I’m not comfortable with him being my president,” Jackson said. […] “I think he’s got some cognitive issues,” he continued, before adding that he’s not diagnosing the former vice president and has not examined him. VIDEO: https://www.youtube.com/watch?v=19elWWUmIj8&feature=emb_title From TDW: Is Joe Biden experiencing dementia? That’s a question the pollsters at Zogby International posed to 1,007 “likely voters.” The results were surprising: 55% said they think the former vice president, 77, “is in the early stages of dementia.” Read more at this link. VIDEO: https://www.youtube.com/watch?v=IlaW40ST_f8&feature=emb_title

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