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Elizabeth Warren Says Redskins Owner Should Pay Ultra-Millionaire Tax

By Craig Bannister | January 28, 2019 | 5:41pm EST
Sen. Elizabeth Warren (D-Mass.)

Sen. Elizabeth Warren (D-Mass.) called out Washington Redskins Owner Daniel Snyder in a tweet on Saturday, saying the billionaire should have to pay her proposed “Ultra Millionaire Tax,” because he recently bought a yacht.

Sen. Warren was reacting to an article by The Washington Post reporting on Snyder’s purchase of a yacht housing an iMax theater:

“This billionaire NFL owner just paid $100M for a "superyacht" with its own iMax theater. I'm pretty sure he can pay my new #UltraMillionaireTax to help the millions of yacht-less Americans struggling with student loan debt.”

Warren’s proposed Ultra Millionaire Tax would tax all assets, not just income, an article by Boston.com explains:

“Warren unveiled a proposed wealth tax on so-called “ultra-millionaires” this week. Rather than taxing income, the 2 percent annual fee would apply to all assets, including stocks and real estate, owned by households with a net worth of $50 million or more. It would also include an additional 1 percent surtax on the assets of households with a net worth of over $1 billion.”

The Redskins’ owner is an easy target for Warren, not just because of his billionaire status, but also because he is vastly unpopular, having been once named by Sports Illustrated as the National Football League’s “most hated owner,” Boston.com notes:

"Snyder has a net worth of $2.2 billion, according to Forbes. The 54-year-old, who has been named the most hated owner in the league, is hardly the first NFL owner to buy a superyacht."

 

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