Closing the “tax gap,” or revenue owed to the federal government that goes uncollected, has long been a favorite deus ex machina for lawmakers who want more revenue without having to raise rates. But Internal Revenue Service (IRS) Commissioner Chuck Rettig really put dollar signs in lawmakers’ eyes when he claimed the tax gap could be as large as $1 trillion. Always eager to appear knowledgeable on policy issues, Sen. Elizabeth Warren is putting forward a plan to collect extra revenue that only gets worse the deeper you dig into it.
First and foremost, it’s important to understand how far off on an island Rettig is with his estimate. The IRS’s last official estimate of the size of the tax gap placed it at a far, far lower $381 billion. Even considering that this estimate may not have factored in underpayment from cryptocurrencies, offshore holdings, and pass-through businesses, the tax gap still remains far closer to $500 billion than to $1 trillion. Read More
The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program.
On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students.
In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.” Read More
Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.
Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.
Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small. Read More
Senator Elizabeth Warren called for an SEC investigation into Reddit posts and other entities, according to a letter she sent to the Acting Chair of the SEC.
After Redditors discovered large hedge funds had shorted massive quantities of GameStop ($GME), retail investors bought $GME in a frenzy, sending it surging 600%, and causing hedge funds to lose approximately $5 billion dollars. Popular investment platforms such as Robinhood responded by halting the ability of investors to freely purchase more shares, making their only option to sell. Read More
An Oregon man who was arrested this week in Minnesota was apparently on his way to the White House to kill President Donald Trump. Read More
WASHINGTON – Massachusetts Senator Elizabeth Warren ended her bid for the U.S. Democratic presidential nomination on Thursday after across-the-board losses in the 14 states that held party nominating elections this week, including a devastating third-place finish in her home state.“ Read More
Former Vice President Joe Biden defeated Sen. Bernie Sanders (I-VT) Tuesday night in Minnesota’s Democratic primary, a shocking upset in what was a tough night for the Vermont socialist. Read More
Sen. Amy Klobuchar (D-MN) has ended her presidential campaign and plans to endorse moderate rival Joe Biden, her campaign has confirmed. Read More
2020 presidential candidate Mike Bloomberg announced Friday that he will release women from their non-disclosure agreements related to sexual harassment and gender discrimination lawsuits. Read More
After a disastrous caucus night, the Iowa Democratic Party has finally released the results of Monday night’s contest, but not all of them. Read More
Someone won Monday night’s Iowa caucuses — we just don’t know who, yet.
The Iowa caucuses have been the first nominating contest in the nation since 1972 with 41 national delegates up for grabs. Read More
Young Americans, including college students, are increasingly gravitating toward socialism, but one Wall Street executive is pushing back, warning of the system’s potentially irreversible effects.
A recently published analysis by the top finance school in the United States, University of Pennsylvania Wharton School of Finance, has found that Sen. Bernie Sanders’ “Medicare for All” plan would shrink the country’s Gross Domestic Product (GDP) by 24 percent by 2060. Meanwhile, the majority of Democrat and Democrat-leaning college students nationwide overwhelmingly favor Sanders as the Democrat presidential nominee over any of the other candidates. Read More
DES MOINES, Iowa – As a crowd filters into the Horizon Events Center in Clive, Iowa, on an unseasonably warm winter night, it appears as if they are preparing for one of the regular concerts that usually fills this cavernous hall. Read More
Presidential candidate and Senator Elizabeth Warren (D-Mass.) declared at a recent campaign event in Iowa that if she became president, she would let a transgender student select her Secretary of Education, as Breitbart reports. Read More
Democratic Sen. Elizabeth Warren will create a Justice Department task force if elected president to investigate alleged corruption during the Trump administration, she said in a plan released Tuesday. Read More
Commentators from across the political spectrum ruthlessly mocked The New York Times editorial board for its reality-TV style endorsement process, which resulted in the endorsements of both Sens. Amy Klobuchar and Elizabeth Warren. Read More
Eventually, I am going to get around to saying something about CNN’s hostility to Senator Bernie Sanders (I-Vt.) – evidenced, most recently, by its energetic exertions on behalf of the campaign to elect Elizabeth Warren at last Tuesday’s Democratic debate. And I’ll say something, too, about the delicious exhibition of angst-filled hand-wringing that said hostility occasioned in many precincts of the leftwing media.
First, however, since CNN apparently undertook its cheerleading for Warren in order to declare its feminist bona fides, I would like to pose a few questions as a sort of prolegomenon, what Kierkegaard, in another context, called a “preliminary expectoration.” 1) Why are feminists so unpleasant? 2) Why do they insist on whining instead of getting on with the task at hand? 3) Why do they tend to blame other people for their failures? Read More
Of all the public policy issues the top-tier Democratic presidential hopefuls have addressed, health care stands out as the one that separates them the most. Read More
A new survey of Michigan voters found that Gov. Gretchen Whitmer’s approval rating has dropped by more than seven percentage points since June. Read More
According to a new study, the hometowns of the four leading candidates for the Democratic Party’s presidential nomination in 2020 have collectively taken in less than half-a-percent of all refugees resettled over the last decade, as Breitbart reports. Read More
Several of the top-tier Democrats vying for their party’s presidential nomination released information this week about their fundraising efforts in the fourth quarter of 2019. Read More
South Bend, Ind., Mayor Pete Buttigieg continues to lead the field of Democratic presidential hopefuls in Iowa, according to the latest polling, but the rest of the top tier has reshuffled a bit. Read More
Democratic Massachusetts Sen. Elizabeth Warren has made her opposition to pricey fundraisers a staple of her presidential campaign. “I don’t do big-dollar fundraisers at all,” she told “Tonight Show” host Jimmy Fallon on Wednesday.
But Warren has carved out a workaround to her pledge by speaking at high-dollar fundraisers for the Democratic National Committee (DNC), whose financial support in the general election will be crucial to Warren if she is the party’s nominee. Read More
NEW YORK – Support for U.S. Democratic presidential candidate Elizabeth Warren dropped nationally to its lowest level in four months, and nearly one in three potential Democratic primary voters say they do not know which candidate to pick with the first nominating contests less than two months away, according to a Reuters/Ipsos public opinion poll. Read More
Leading presidential candidates and major media outlets are claiming that school districts with high concentrations of minorities and poor children generally receive less funding per student than other districts. That hasn’t been true for at least half a century, but people are spreading this myth through deceptive studies that exclude federal funds. Read More
Promises are mounting in the Democratic Party’s primary debates as contenders try to outbid one another on free health care, free public education, or, in the case of Andrew Yang, just free money. Senator Elizabeth Warren plans to make college free in addition to canceling student debt for millions of people at an estimated cost of $1.25 trillion over 10 years. Senator Bernie Sanders’s “Medicare For All” bill would cost $34 trillion dollars over 10 years. Read More
Sen. Elizabeth Warren and other liberal pundits on Twitter railed against Facebook CEO Mark Zuckerberg for reportedly dining with President Donald Trump recently amid political ad controversy. Read More
Nearly half of likely U.S. voters oppose Medicare for All, according to a Rasmussen national poll published Thursday. Read More
For a variety of reasons, the 2020 election is going to be a referendum beyond Donald Trump’s record and his Democratic opposition.
The furor that Trump has incurred, and the radical antithesis to his agenda and first term, have redefined the looming election. It is becoming a stark choice between a revolutionary future versus American traditionalism. Read More
Massachusetts Sen. Elizabeth Warren announced that she is open to the idea of putting a hold on all deportations of illegal aliens, making her the latest Democratic presidential candidate to adopt the position. Read More
Democratic presidential candidate Elizabeth Warren called black trans women, cis women, gender-nonconforming and non-binary people “the backbone of democracy after receiving an endorsement from BlackWomxn Thursday. Read More
Democratic presidential candidate Elizabeth Warren said her “Medicare for All” plan won’t require a tax increase on the middle class and will return $11 trillion to American families, but her plan doesn’t factor in the cost of universal coverage for illegal aliens. Read More
Democratic Massachusetts Sen. Elizabeth Warren is pledging to crack down on school choice if elected, despite the fact that she sent her own son to an elite private school, publicly available records show. Read More
Former Vice President Joe Biden leads other Democratic 2020 presidential candidates by the widest margin since April, a CNN poll found. Read More
One of the more bizarre elements of last night’s Democratic presidential “debate” was how much the leading Democrat – Senator Elizabeth Warren – agrees with President Trump, especially on endless Middle East wars and the effects of trade on American workers. Read More
Democratic candidates showed almost unanimous agreement on LGBTQ issues at Thursday night’s CNN forum in Los Angeles as they zoned in on the Christian faith’s compatibility with LGBTQ issues. Read More
Democratic Massachusetts Sen. Elizabeth Warren, Democratic Vermont Sen. Bernie Sanders, and South Bend Mayor Pete Buttigieg out-raised former vice president Joe Biden during the third quarter. Read More
Facebook founder Mark Zuckerberg vowed in leaked audio to “go to the mat” with 2020 Democratic presidential candidate Elizabeth Warren if she beats President Donald Trump. Read More
Democratic presidential candidate Elizabeth Warren took a slight numerical lead over former Vice President Joe Biden among Democratic and Democratic-leaning voters, a national poll shows. Read More
Democratic presidential candidates Joe Biden and Elizabeth Warren want American taxpayers to pay for transgender surgeries. Read More
A new poll released last week by the public affairs firm Firehouse Strategies shows President Donald Trump either statistically tied or behind three top Democratic candidates in key Midwest states. Read More
Democrats are leading President Donald Trump in Michigan, according to a new poll, but undecided voters could turn the tide. Read More
Democratic presidential candidate Sen. Elizabeth Warren brought her free-college message Monday evening to Macalester College, a progressive haven located in St. Paul, Minnesota that costs up to $68,000 a year to attend. Read More
Leading Democrats for the presidential nomination have apparently decided that their path to victory in the wake of the El Paso and Dayton mass shootings lays with demonizing President Donald Trump and his supporters as white supremacists and racists. Read More
Democratic Michigan Sen. Gary Peters, who is facing a tough reelection in 2020, has turned to Sen. Elizabeth Warren for help with his fundraising efforts. Read More
DAYTON, Ohio — President Donald Trump and First Lady Melania Trump touched down in Dayton just before 11 a.m. Wednesday. The First Couple came to Dayton to pay their respects to the injured, thank the first responders, and tell the victims and their families, “I want you to know we’re with you all the way.” Read More
U.S. Congresswoman Rashida Tlaib, a Democrat representing Michigan’s 13th Congressional District, let loose this weekend with a series of incendiary tweets and retweets blaming U.S. Republican President Donald Trump for the mass shooting in El Paso. Read More
There were two lucid moments during last night’s Democratic Debate. The first was former Rep. John Delaney who, in his opening statement, delivered a scathing rebuke to Senators Bernie Sanders and Elizbeth Warren for their “fairy tale economics” that risk bankrupting the economy. Read More