Please verify

Blaze Media
Watch LIVE

Elizabeth Warren proposes new 'wealth tax' on Americans worth more than $50 million


This tax would target assets not income

Scott Eisen/Getty Images

Sen. Elizabeth Warren's presidential campaign has revealed that, if elected, she plans to slap a 2 percent wealth tax on any Americans with assets worth more than $50 million, and a 3 percent wealth tax on anyone with assets worth more than $1 billion.

Here's what we know

Warren (D-Ma.) announced her new plan for a tax rate on Twitter on Thursday. She stressed in multiple tweets that the tax would only affect "that tippy top 0.1% — those with a net worth of over $50 million." This rate would tax assets, instead of focusing on income.

Read MoreShow less
Most recent

Teen girl killed in suspected shark attack while swimming with dolphins

Scientists to engineer woolly mammoth's return by 2027

All Articles