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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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Elizabeth Warren Not Interested In Getting Involved In Sanders-Clinton Feud, Says ‘I’m Not Going There’

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Sen. Elizabeth Warren has fallen behind both Joe Biden and Bernie Sanders in the polls, which is not a great sign this close to the Iowa caucuses, but at the end of the day, it’s still anyone’s game. With the primary so close, many in the Democratic Party have turned on each other and gone after one another in verbal jousting and mudslinging attacks, chief among them Warren and Sanders, with Warren accusing Sanders of saying he didn’t believe a woman could be president. While the smoke is just starting to clear on that a bit, the feud between Bernie and former Democratic presidential nominee Hillary Clinton is still alive, and Warren is refusing to get involved in the fray. Check out the details from The Washington Examiner: Elizabeth Warren tried to skirt questions about Hillary Clinton’s claim “nobody likes” her rival for the 2020 Democratic presidential nomination, Bernie Sanders. “I’m not going there,” the Massachusetts senator, 70, told CBS Friday morning. Clinton, 72, in an interview published this week by the Hollywood Reporter, blasted the Vermont senator, her former 2016 Democratic primary opponent, as “a career politician,” saying she felt “so bad” that “people got sucked into” him. “He was in Congress for years. He had one senator support him. Nobody likes him, nobody wants to work with him, he got nothing done,” the former secretary of state told the outlet. “Bernie and I have worked together for a very long time, and we continue to do so. I’ve said all I’m going to say about this,” Warren said before turning to the topic of impeachment. Warren has obviously realized that her attacks against Bernie backfired on her in a big way so now she’s trying to avoid getting pulled into another battle that could potentially hurt her chances…

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Brand New Poll Reveals That A Plurality Of Americans On Board With Soleimani Killing

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Liberals all across the country displayed their true colors by coming out in support of a radical Islamic terrorist, one who killed an untold number of American soldiers and horribly oppressed his own people in Iran after President Trump ordered the drone strike that killed Gen. Qassem Soleimani. These folks despise the president so much that they took the side of a terrorist, strangely seeming to believe that their opinions on this would reflect the feelings of most Americans. A new poll proves that is totally not the case at all. In fact, a plurality of Americans support the president’s decision to take out Soleimani. Here’s more on the poll from The Washington Examiner: The Associated Press-NORC Center for Public Affairs Research poll released Friday found 41% of Americans approved of Trump authorizing Soleimani’s death while 30% of Americans opposed the authorization. While more Americans supported the killing than opposed it, 59% of Americans disapproved of Trump’s handling of foreign policy overall. The poll comes three weeks after the United States killed the Iranian terrorist leader. The strike came in response to Iranian-backed militias attacking the U.S. Embassy in Iraq. Trump described the killing as a “no bullshit” mission. Iran responded by firing over a dozen missiles at bases housing U.S. troops. The Iranian strikes injured 11 Americans but resulted in no deaths. Once again, this poll demonstrates that a lot of individuals in the Democratic Party are on the wrong side of an issue, led there by their own desire to see President Trump impeached and removed from office. In short, they have become so used to hating the president and attacking him over every move he makes that it has become their default reaction, even when he does something good, to criticize him and oppose him. Will this…

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