Elizabeth Warren made it clear [that she wants] to be a populist crusader who doubled as a check on the power of corporations and the super-rich. She proposed a "wealth tax," a 2 percent tax on families with assets over $50 million and 3 percent on those with assets over $1 billion. It would generate an estimated $2.75 trillion over the next ten years, and now we know what Warren wants to do with that money: fund a national child-care program.
Earlier this year, a New York Times poll found that… Continue Reading
Elizabeth Warren's plan, the Universal Child Care and Early Learning Act, would create a network of government-funded care centers based partly on the existing Head Start network, with employees paid comparably to public-school teachers. Families earning less than 200 percent of the federal poverty level would be able to send their children to these centers for free. Families earning more than that would be charged on a sliding scale, up to a maximum of 7 percent of their income.
The plan would… Continue Reading
Sen. Elizabeth Warren (D-Mass.) released a plan Tuesday for creating a "universal child care" system in the United States paid for by a tax on the very wealthy.
The plan proposed by Warren would ensure that every American would be able to enroll children up to 5 years old in a child-care program while paying no more than 7 percent of their income in fees. Families below a certain income level - $50,000 a year in today's dollars, for a family of four - could use the facilities free of charge, wh… Continue Reading
- United States Senator Elizabeth
Warren (D-Mass.), member of the U.S. Senate Committee on Health, Education,
Labor, and Pensions, and House Majority Whip James E. Clyburn (D-S.C.), today
introduced bicameral legislation to eliminate up to $50,000 in student loan
debt for 42 million Americans-providing debt relief to 95% of
student borrowers, including cancelling student debt entirely for 75% of borrowers. The
Student Loan Debt Relief Act would end the student debt crisis, help
millions … Continue Reading
United States Senator Elizabeth Warren
(D-Mass.) yesterday voted 'no' during an executive session to consider Mark
Esper's nomination to be Secretary of Defense. She also submitted a statement
for the record to the Senate Armed Services Committee (SASC) reiterating her
opposition to his nomination. Her statement, released here, reiterates concerns
Senator Warren raised with Secretary Esper directly during his nomination
hearing before
the SASC on Tuesday, in a letter,
and during a privat… Continue Reading
United States Senators Elizabeth
Warren (D-Mass.), Tammy Baldwin (D-Wisc.), and Sherrod Brown (D-Ohio), Ranking
Member of the Senate Banking Committee, along with Representatives Mark Pocan
(D-Wisc.), and Pramila Jayapal (D-Wash.), today unveiled the Stop Wall Street
Looting Act, a comprehensive bill to fundamentally reform the private equity
industry and level the playing field by forcing private equity firms to take
responsibility for the outcomes of companies they take over, empowering
… Continue Reading
Earlier this year, a federal judge ruled in favor of more than 50,000 patients who brought a class action lawsuit against UnitedHealth Group, the nation’s largest health insurer, for unfairly denying their claims for mental health and substance use disorder treatment. In his ruling, the judge blasted UnitedHealth for cutting costs at patients’ expense and preventing them from getting recommended treatment unless their behavioral health issue was an emergency. … Continue Reading
Four words are etched above the doors to the Supreme Court: "Equal Justice Under Law." That simple principle should be the foundation of our criminal justice system. But the hard truth is that America has two separate and very unequal justice systems. The first is a justice system exclusively for the wealthy and the well connected. For decades, Washington has let powerful corporate executives escape accountability, even when they scam millions of Americans or crash the U.S. economy.
Take the 20… Continue Reading
Chase Bank fired off a tweet last week staging a
hypothetical conversation between one of its customers and her bank account.
The customer asks why her account balance is low, and the bank tells her not to
go out for food or coffee when she can make it at home instead, or to spend
money on a cab when she can just walk. The customer pretends not to listen.
"I guess we'll never know," she says, brushing off her low balance
and the bank's "advice" on how to manage her money.… Continue Reading
