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Elizabeth Warren Introduces New Tax On All Americas

This will fund the Left’s radical agenda.

The bill, dubbed the “Ultra-Millionaire Tax Act of 2021,” is a continuation of the vision Warren laid out during her time on the presidential campaign trail, where she vigorously pitched a “two-cent” wealth tax as a means to achieve greater equality in the country.

Warren’s most recent proposal would impose a two percent tax on the net value of all taxable assets over $50 million after debts are subtracted. The tax is increased to three percent for net assets above $1 billion.

Assets are defined as “the value of all property of the taxpayer (other than property excluded under subsection (b)), real or personal, tangible or intangible, wherever situated, reduced by any debts (including any debts secured by property excluded under subsection (b)) owed by the taxpayer.”

The tax, Warren said, 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,” Warren said, contending that the “small tax” would generate “at least $3 trillion” to help promote President Biden’s agenda:

The proposal follows Congress passing the $1.9 trillion coronavirus relief proposal last week in the dead of the night. No Republicans voted for it, and only two Democrats, Reps. Kurt Schrader (OR) and Jared Golden (ME), voted against it.

Several Republican lawmakers spoke to Breitbart News during the Conservative Political Action Conference in Orlando, Florida, and slammed the bill, noting the amount of waste in the measure. It allots millions for museums, climate justice, and “family planning” organizations such as Planned Parenthood.

Warren is a millionaire with a net worth of over $12 million and has received donations from at least 30 billionaires during her career.

Sources: Breitbart: Elizabeth Warren Introduces Wealth Tax to Bolster Biden’s ‘Build Back Better’ Agenda

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Written by Joshua Jackson

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  1. Here we go again The Bloody Democratic Party going after the middle class and lower class taxes. Making us pay more money. Knowing Damn well her RICH ass and friends will be keeping their money hidden away.

  2. I’m sure Ms Warren made sure that the bill was written so that it would not affect herself nor any of her buddies. It just a smoke screen to make it look like she cares..

  3. Someone in the house that actually works for the people, please shut the mouths if these tax happy democraps.
    Give us at least a minute to chew on the first 50 hikes before you send the other trillion down.
    Every single Democrat is SITTING as they find more ways to raise taxes as Americans shut the doors on their businesses, try to keep the lights on, bills that are past due paid, and food on the table. They push so much on us its unbelievable. And now, illegals, need to pay that with American working class, then there’s reparations, don’t forget Pelosi pet projects, billions of dollars we need to dish out for. COME ON, WHERE DOES IT END? WHO VOTED THESE IDIOTS?

  4. Lizz Warren is nothing but a Clown off the Plantation not the Reservation. She ain’t No
    Native American Indian.Either. She’s just a Clown that Escaped from the INTERNATIONAL MENTAL INSTITUTION FOR DERANGED and HOPELESS.

  5. This Democratic moron has no love for Americans or how difficult the pandemic has made their lives unbearable. All she wants is money and power. Wake up American Democrats, you are killing your conservative neighbors!

  6. She BELONGS on a SLOW BOAT to BEIJING with a FAST leak . . . VERY fast! One Enlightened Patriot. Team Trump and His Allies 2020 – MAGA (WE’RE NOT going away!).

  7. I am opposed to giving our government any more money becasue they do such stupid things with the money they already have. Why are we exporting abortion to other countries and a condition for them receiving aid from the United States. Is this a sneaky way of defeating our enemies by funding their abortion of their future citizens. How evil is that!?

  8. Warrren should set her sights on the millions of dollars given by China to buy our President. No doubt all that money financed Bidens Campaign. There is where the illegaliity lies. That is where the wealth is

  9. Just keep in mind that the Dems lost a huge number of House seats, twice, because of their policies and damaging decisions. I expect to see the same happen to them again in 2022, because dem party leaders just don’t learn from the past.

    Disclaimer: That’s IF the Dems don’t cheat again like they did in the 2020 election and they don’t allow their 11-30+ million illegals to vote by giving them amnesty.

  10. LIZ WARREN IS NOT AN AMERICAN INDIAN. She has numerous times in the past been asked to substantiate her claim and EVEREY time nothing is presented but bad breath. I have a question. What the HELL is going on in Washington that the Dumb-o-crats want to keep the Guard for 3-4 more months ? Is it time for The DUKE to come galloping down the road hollering ” Prepare to MOUNT “? DON’T forget your “Ditty Bags “. Dull Knife

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