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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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Former CNN Host: If GOP Attempts ‘to Replace RBG We Burn the Entire F— Thing Down’

Not exactly all about peace, now are they?

John Salvatore

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Senate Majority Leader Mitch McConnell has already made it clear: the Senate “will” vote on President Trump SCOTUS nominee before the November election. Mitch said the same thing, if a situation came to fruition, in 2019. When it happens – and it will – expect the left to riot, possibly like never seen before. And that’s saying something. From TDW: Left-wing media figures rushed to threaten violent riots on Friday evening if President Donald Trump and Senate Majority Leader Mitch McConnell (R-KY) attempt to fill the Supreme Court seat vacated by Justice Ruth Bader Ginsburg, who passed away earlier in the day. LOOK: https://twitter.com/KittyLists/status/1307128905703329793?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307128905703329793%7Ctwgr%5Eshare_2&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmedia-figures-threaten-riots-if-gop-tries-to-fill-scotus-seat-burn-it-all-down https://twitter.com/KittyLists/status/1307127650360623104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307127650360623104%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmedia-figures-threaten-riots-if-gop-tries-to-fill-scotus-seat-burn-it-all-down https://twitter.com/KittyLists/status/1307136680567222275?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307136680567222275%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmedia-figures-threaten-riots-if-gop-tries-to-fill-scotus-seat-burn-it-all-down https://twitter.com/KittyLists/status/1307134179696668673?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307134179696668673%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmedia-figures-threaten-riots-if-gop-tries-to-fill-scotus-seat-burn-it-all-down https://twitter.com/KittyLists/status/1307137798848249856?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307137798848249856%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmedia-figures-threaten-riots-if-gop-tries-to-fill-scotus-seat-burn-it-all-down These people are messed up in the head.

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84-Year-Old Trump Supporting Woman Punched In the Face By Black Man At CA Rally

COWARDLY.

John Salvatore

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There are a lot of bad people of there. Most of them will wind up voting for Joe Biden in November. Because if you don’t agree with them on every single issue, 100% of the time, you are the enemy. Check out what recently went down at a Trump rally in California, via CBS Los Angeles: ALISO VIEJO (CBSLA) — A 33-year-old man has been arrested after allegedly attacking a number of people at a Wednesday night rally held in support of President Donald Trump in Aliso Viejo. “He took his hand way back like he was going to punch me, and [he] hit me right across the face,” 84-year-old Donna Snow said. “Broke my earrings off.” According to the Orange County Sheriff’s Office, a retired police officer then got involved and pulled his gun as the man attempted to run from the scene. VIDEO: Not enough people come out and say what needs to be said: Democrats are actively trying to kill the United States of America – period. There’s no two ways around it. Hawaii Senator Mazie Hirono is one of the more obnoxious members of Congress, and possibly just as ignorant as Ilhan Omar, Rashida Tlaib, and AOC. On Monday, Hirono made a vile comment about Trump supporters. And she likely won’t face any push back, whatsoever. VIDEO: https://www.youtube.com/watch?v=LHG_u-p15CQ&feature=emb_title

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