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1 Mar, 3 tweets, 3 min read
Billionaire wealth is 40% higher now than when the COVID crisis began – but our tax system is still tilted toward the ultra-rich. Today @RepJayapal, @CongBoyle and I are introducing our #WealthTax bill to make the wealthiest Americans pay their fair share. nytimes.com/2021/03/01/bus…
The #WealthTax is a two-cent per dollar tax on people with a net worth above $50 million – and a few cents more for the billionaires. This small tax would generate at least $3 trillion to help fund bold reforms in President Biden’s #BuildBackBetter agenda.
A #WealthTax is critical for raising revenue, and that revenue is critical for raising opportunity. We build a future for all of our kids by investing in opportunity. This is one way we can make this government work for everyone – not just the rich and powerful.

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More from @SenWarren

Elizabeth Warren Profile picture
22 Dec 20
Even as vaccine distribution begins, testing will remain a critical tool in containing COVID-19. High-quality, frequent testing should be easily available to everyone, which is why I'm introducing new legislation to expand federally-funded testing. cnbc.com/2020/12/22/sen…
My bill does what we should have been doing months ago: requiring the federal government to publicly manufacture COVID tests and supplies for state, local, territorial, and tribal health care providers and programs free of charge.
My bill also requires the federal government to provide COVID testing to schools, child care centers, nursing homes, homeless shelters, religious centers, prisons and jails, factories and other businesses that employ essential workers, and other high-risk locations.
Read 4 tweets
Elizabeth Warren Profile picture
18 Dec 20
The Republicans’ last-ditch attempt to cut the Fed’s emergency lending powers is more than technical language in a bill. This is about the recovery of our small businesses and ability of states and towns to keep providing critical services we all rely on. nbcnews.com/politics/congr…
After denying meaningful relief for months, Republicans are now attempting to cut off one of the only sources of funding that can help mom & pop stores keep the lights on and prevent teachers, firefighters, and other public workers from getting laid off.
Instead, it will be hard-working and struggling Americans who are most affected. And we know that communities of color are hit the hardest when our economy tanks. Black and brown Americans will feel the brunt of the impact if the Fed can’t step in to help our struggling economy.
Read 5 tweets
Elizabeth Warren Profile picture
9 Dec 20
As a law professor, I found that most bankruptcies are from an illness, job loss, or family death/breakup. COVID is pushing families over a financial cliff, and our system isn't providing relief. So @RepJerryNadler and I have a new bill to #FixBankruptcy. warren.senate.gov/newsroom/press… We need to fix our broken bankruptcy system for struggling f
Our Consumer Bankruptcy Reform Act simplifies and modernizes the consumer bankruptcy system to help people struggling with debt – starting by creating a single system for all consumers, streamlining the filing process, and reducing filing fees. #FixBankruptcy
Our bill helps bankruptcy filers care for their families by helping renters with back rent avoid eviction, making student loan debt dischargeable, and letting people protect their homes and cars during the bankruptcy process. #FixBankruptcy
Read 7 tweets
Elizabeth Warren Profile picture
4 Dec 20
People still have questions about who benefits most if we #CancelStudentDebt. @SenSchumer and I set the record straight on who struggles with student loans and why it falls particularly hard on Black and Latinx students. Check out our new @Blavity op-ed. blavity.com/why-we-elizabe…
Let’s just be clear: millionaires and billionaires don’t need to take out student loans, nor do their kids. Student loans are for people whose family couldn’t afford to write a check for college but who still tried to get an education anyway. #CancelStudentDebt
Up to 40% of people with student loan debt – and the majority of Black students – don’t have a degree years after starting college. Maybe they couldn’t afford to finish, needed to work, didn’t have child care, life happened – whatever. #CancelStudentDebt
Read 10 tweets
Elizabeth Warren Profile picture
26 Nov 20
Thanksgiving is a day to celebrate the kindness and generosity of others and to count our many blessings. Today I want to give special thanks to our doctors, nurses, scientists, and public health experts who are fighting around the clock to stop this pandemic and keep us safe.
I want to give special thanks this Thanksgiving to our essential workers – grocery, food service, warehouse, and farm workers – who risk their health to keep us fed. They deserve more than thanks – they deserve premium pay, safety protections, paid leave and health care security.
I want to thank our servicemembers and military families for the sacrifices they make for our country. We owe it to them to protect their health and well-being, on Thanksgiving and every day.
Read 5 tweets
Elizabeth Warren Profile picture
12 Nov 20
President-elect Biden has already committed to reentering the Paris Climate Accord, reinstating DACA, and ending the travel ban against certain Muslim countries. But there are lots of big changes that a Biden-Harris administration can achieve on day one:
1. Biden-Harris can cancel billions of dollars in student loan debt, giving tens of millions of Americans an immediate financial boost and helping to close the racial wealth gap. This is the single most effective executive action available for a massive economic stimulus.
2. Biden-Harris can lower drug prices for millions by producing key drugs like insulin, naloxone, hepatitis C drugs, and EpiPens at low costs using the federal government's existing authority to bypass patents for pressing public health needs.
Read 10 tweets

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