Elizabeth Warren has a colossal $30 trillion progressive agenda. Here’s a breakdown of how she plans to pay for it.


Elizabeth Warren rally

Sen. Elizabeth Warren is waging a presidential campaign that ultimately seeks to tilt the economic levers of power away from large corporations and the wealthiest Americans.
To that end, she has proposed a raft of sweeping progressive plans that would restructure the American economy and redistribute its riches to curb wealth inequality.
The total price tag of her agenda, according to The New York Times, stands at around $30.5 trillion over a decade.
The federal government is projected to spend $58 trillion over the next decade — and Warren’s plans would increase that total by half if she became the nation’s 47th president.
Here is a breakdown of her spending so far, including her plan to finance Medicare for All plan.
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Sen. Elizabeth Warren is waging a presidential campaign that ultimately seeks to tilt the economic levers of power away from large corporations and the wealthiest Americans.

To that end, she has proposed a raft of sweeping progressive plans that would restructure the American economy and redistribute its riches to curb wealth inequality. The scale rivals President Lyndon Johnson’s Great Society over a half-century ago, which led to the creation of Medicare and Medicaid.

The total price tag of her agenda, according to The New York Times, stands at around $30.5 trillion over a decade. The federal government is projected to spend $58 trillion in the same period — and Warren’s plans would increase that total by half if she became the nation’s 47th president. Many of them would certainly face resistance from Republicans in Congress.

Here is a breakdown of her spending as noted by The Times:

Medicare for All: $20.5 trillion, covered by a blend of funding sources that include rerouted spending and ramped-up taxes.
Increasing Social Security benefits: $3.1 trillion, covered by raising investment and payroll taxes on affluent workers.
Combating climate change, clean energy initiatives: $3 trillion, paid for by new corporate taxes and rolling back the 2017 Republican tax cuts.
Universal childcare, student debt cancellation, improving public schools: $2.9 trillion, financed by wealth tax.
Housing: $500 billion, financed by widening the estate tax.
Boosting small businesses, addressing opioid crisis, expanding rural broadband: $400 billion, paid for by abolishing a tax benefit for inherited assets.

Warren has proposed a wealth tax on the richest Americans to pay for her plans. The tax would impose a 2% tax on households with net worths above $50 million and levy a 6% rate …read more


Source:: Business Insider

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