Current Issues Blog

Addressing Economic Inequality: Elizabeth Warren’s Wealth Tax Proposal

March 04, 2021

During her 2020 presidential bid, Senator Elizabeth Warren, D-Mass., put forward a tax on the wealthiest Americans—a so-called ultra-millionaire tax—as one of her central proposals.1 And on March 1, 2021, Warren introduced the Ultra-Millionaire Tax Act, which would “create an annual tax of 2 percent on the net worth of households and trusts between $50 […]