Sen. Elizabeth Warren (D-Mass.), who has already proposed a wealth tax to raise funds for a variety of new government programs, on Thursday unveiled a plan to expand Social Security by creating two taxes on wage and investment income for wealthy Americans.
The proposal comes as Warren enjoys a long stretch of momentum in the Democratic presidential primary race that has lifted her in polls and put her side-by-side with former Vice President Joe Biden during last week’s debate.
Separately, Sen. Ron Wyden (Ore.), the top Democrat on the Senate’s tax-writing committee, rolled out his own proposal designed to prevent the rich from avoiding taxes on their investment gains.
View the complete September 16 article by Naomi Jagoda on The Hill website here.