“A new study from the University of Pennsylvania’s Wharton School finds that Sen. Elizabeth Warren’s proposed wealth tax on the richest Americans will generate at least $1 trillion less than what the campaign claims, potentially undermining the key funding source for her plans to expand government-backed health care, education and other programs,” CNBC reports.
“Warren’s tax, if implemented in 2021, would raise $2.3 trillion to $2.7 trillion in additional revenue over 10 years, well below the $3.75 trillion her campaign estimates.”
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