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| Warren’s Wealth Tax Proposal is ‘Punitive,’ O’Rourke Says | |
| (32 minutes later) | |
| Former Representative Beto O’Rourke said at Tuesday night’s debate that Senator Elizabeth Warren was being “punitive” in calling for a tax on the wealth of the richest Americans, a proposal that is a centerpiece of her presidential campaign. | Former Representative Beto O’Rourke said at Tuesday night’s debate that Senator Elizabeth Warren was being “punitive” in calling for a tax on the wealth of the richest Americans, a proposal that is a centerpiece of her presidential campaign. |
| “Sometimes I think that Senator Warren is more focused on being punitive or pitting some part of the country against the other, instead of lifting people up and making sure this country comes together around those solutions,” Mr. O’Rourke said. | “Sometimes I think that Senator Warren is more focused on being punitive or pitting some part of the country against the other, instead of lifting people up and making sure this country comes together around those solutions,” Mr. O’Rourke said. |
| Ms. Warren has proposed creating an annual tax on wealth that would apply to households with a net worth above $50 million. She would put in place a 2 percent tax on a household’s net worth above $50 million, and a 3 percent tax on net worth above $1 billion. | Ms. Warren has proposed creating an annual tax on wealth that would apply to households with a net worth above $50 million. She would put in place a 2 percent tax on a household’s net worth above $50 million, and a 3 percent tax on net worth above $1 billion. |
| On the campaign trail, Ms. Warren takes care to emphasize that she is not seeking to punish the super rich, telling crowds that she is not proposing a wealth tax because she is “cranky.” She made a similar argument in response to Mr. O’Rourke on Tuesday. | On the campaign trail, Ms. Warren takes care to emphasize that she is not seeking to punish the super rich, telling crowds that she is not proposing a wealth tax because she is “cranky.” She made a similar argument in response to Mr. O’Rourke on Tuesday. |
| “So, I’m really shocked at the notion that anyone thinks I’m punitive,” she said. “Look, I don’t have a beef with billionaires.” | “So, I’m really shocked at the notion that anyone thinks I’m punitive,” she said. “Look, I don’t have a beef with billionaires.” |