To cover the 8.5% of Americans who lack health insurance, Elizabeth Warren plans to place economy-killing taxes on corporate incomes and capital gains. Not only that, but every American using a health insurance plan they like will be forced off that plan and into a government-run system, with all the efficiency of the VA. The WSJ reports:
She would sharply raise corporate income taxes, returning the rate to a 35% top level (kiss your job good by) that existed before the 2017 Republican (Trump) tax law.
Ms. Warren would raise about $2 trillion more by revamping capital-gains taxation. She would require people to pay taxes on unrealized gains as they accrue them (kiss compounding good by)), even if they don’t sell an underlying asset, and they would pay at ordinary-income tax rates.
Read more here.
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