A new projection from the Penn Wharton Budget Model finds that the wealth tax supported by Democratic presidential candidate Sen. Elizabeth Warren (D., Mass.) would hinder the nation's economic growth.
Presidential hopeful Sen. Bernie Sanders (I., Vt.) debuted a proposal to directly tax the wealth of America's richest families at an even higher rate than primary rival Sen. Elizabeth Warren (D., Mass.).
A financial transaction tax, though popular with 2020 Democrats, would raise little revenue and substantially shrink the U.S. economy, a recently released report concludes.
The Washington Post fact-checker gave Democratic presidential candidate Kamala Harris Three Pinocchios Tuesday for dubiously claiming that her tax proposal would pay for itself.
The Washington Post‘s fact checker gave former Democratic Vice President Joe Biden a "Four Pinocchio" rating for comments he made about President Donald Trump's tax cuts only benefitting the rich.
For the first time since the Great Recession, lower-end earners are receiving greater benefits than higher-end workers when it comes to take-home pay, according to a leading banking firm.