Poll: Majority of Millionaires Like Warren’s Proposed Wealth Tax

Poll: Majority of Millionaires Like Warren’s Proposed Wealth Tax

What seemed like a foregone conclusion after the. minor parties at Federal Elections since 2007. ALP’s proposed Capital Gains taxation changes: ALP’s proposed changes to the Capital Gains tax laws.

Elizabeth Warren has proposed an "ultra-millionaire" tax on the wealthiest families. Taxing the rich to reduce income and wealth inequality has an obvious political appeal. polls show a majority of.

Last week, Warren – who formed an exploratory committee ahead of a potential 2020 bid – detailed her wealth tax, which she is calling an "Ultra-Millionaire Tax." The tax would raise $2.75.

In fact, a recent Reuters/Ipsos poll. that tax increases would do, you simply can’t get enough money out of the rich to solve our fiscal problems. In fact, if you confiscated – not just taxed, but.

 · Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more than $50 million in assets. However, Summers, who served as Treasury secretary under President Bill Clinton and as director of the National Economic Council for President Barack Obama , told CNBC on Wednesday he’d rather investigate other changes before moving “into whole new areas of taxation.”

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And a new tax akin to Warren’s performs well among voters. A Quinnipiac poll from April found. largely in support, while a majority of Republicans stand opposed. The wealth tax isn’t the only idea.

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Photograph by mandel ngan/afp/getty images You might think the well-heeled would oppose Sen. Elizabeth Warren’s proposed wealth tax. You’d be wrong. Newsletter Sign-up It turns out a solid majority (60%) of millionaires support the Democratic presidential candidate’s plan, according to a CNBC survey.

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Among the nearly 2,000 surveyed in a Feb. 1-2 Morning Consult/Politico poll, 61% favored Warren’s wealth tax plan, including 50% of Republicans.

 · Warren, of Massachusetts, is a prominent voice in the party’s liberal wing and is exploring a run for president. Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more than $50 million in assets.

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