Tuesday, July 24, 2018

Elizabeth Warren Suggests 50% Democrat Tax Rates

Sen. Elizabeth Warren, D-Mass., sat down with CNBC’s John Harwood to discuss an array of issues, from President Donald Trump to the economy. Here, she talks about wanting to roll back the GOP tax cuts.

Q: If Democrats take the Congress, if you’re in the White House, or both, would you like to see these corporate tax cuts repealed?

A: Yeah, I really want to see them rolled back.

Q: Back to 35 percent?

A: Well, it’s not about the number. Here’s how I look at budgets and taxes are at the heart of this. A lot of people think they’re just numbers; they’re not. They are the expression of our values. The values of the Republican Party that passed those tax cuts are to give $1.5 trillion away to the richest Americans and the biggest corporations, and let everybody else pick up the crumbs.

I think the right way to think about this is that we need a budget, we need a tax bill that works for all of us. So what I’d like to see is I’d like to see us strengthen America’s middle class.

Q: What’s too high for the top personal rate?

A: It’s not about a number. That’s what negotiations are all about.

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