Elizabeth Warren eyes 50% tax rate, says Dems will end Trump tax cuts if they take back Congress

Elections have consequences. Just Senator Elizabeth Warren, who suggested that a 50% to 90% personal income tax rate for Americans is not out of the question. Warren made the shocking admission in an interview with CNBC.

Warren also promised that Democrats will end President Trump’s tax cuts if they take control of Congress in November 2018.

 

CNBC’s anti-Trump pundit, John Harwood, asked Warren: “If Democrats take the Congress…would you like to see these corporate tax cuts repealed?”

Senator Warren replied: “Yeah, I really want to see them rolled back.”

Question: “Back to 35%?”

Warren replied: “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.”

She added: “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.”

Harwood asked: “What’s too high for the top personal rate? Is 50% obviously too high? When George W. Bush was president, his team articulated the view that…you shouldn’t have more than one-third of your income taken [through taxation]. Do you feel similarly that it’s wrong for more than one-half of somebody’s marginal income to be taken?”

Warren suggested that she does not think a 50% personal income tax rate is too high. “There was a time in a very prosperous America…where the top marginal rate was well above 50 percent,” she said.

Harwood said it was 90%.

Warren replied: “That’s exactly right. But for me, the heart of the question you’ve got to ask is, ‘What constitutes a fair share in this economy?’ It depends in part on what the economy is.”

Harwood asked: “It doesn’t strike you as, ‘obviously 90%, that’s ridiculous’?

Warren quipped: “90 percent sounds pretty shockingly high. But what I’m trying to get at is this is not about negotiating over specific numbers. It’s not about negotiating before you go into the negotiations.”

So basically, Elizabeth Warren and the Democrats want to roll back the Trump tax cuts that have put money into the pockets of millions of Americans, including the middle class.

The Democrats also want to raise corporate taxes so American companies will want to move abroad, where they will get more favorable tax treatment. This will result in the potential loss of millions of jobs in the United States.

Liberals also apparently want the richest Americans to pay 50% to 90% in income tax, presumably to support more illegal immigrants and social welfare programs.

While Democrats pay lip service to wanting to help the middle class, welfare programs leave the middle class — who work hard to put food on their tables but aren’t poor enough to get welfare — in the dust.

Before Elizabeth Warren can do this, she first has to get re-elected in November. She’s being challenged by Republican Shiva Ayyadurai, a “real Indian” who slammed Warren over her “fake Indian” background.

As BizPac Review previously reported, Warren refused to take a DNA test mailed to her by Indian-American entrepreneur Shiva Ayyadurai, who’s running against her for her U.S. Senate seat.

Elizabeth Warren has been widely mocked for claiming she’s part-Cherokee Indian and using her fake ethnicity to benefit from affirmative-action programs meant for actual Native Americans.

Last weekend, Ayyadurai was assaulted by a Warren supporter, who violently shoved Shiva’s megaphone into his face, chipping two of his teeth.

Senator Warren, a self-proclaimed champion for minorities, has not condemned this violence.

Meanwhile, here’s what Fauxchontas’ socialist pal, Kamala Harris, wants:

Ruth Bader Ginburg, 85, refuses to retire from US Supreme Court to spite Trump

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Samantha Chang

Samantha Chang

Samantha Chang is a politics/lifestyle writer and a financial editor. She is a law school graduate and an alum of the University of Pennsylvania. You can read Samantha's cryptocurrency/bitcoin articles at CCN or follow her on Twitter at @Samantha_Chang.
Samantha Chang

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