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(CNSNews.com) – Sen. Elizabeth Warren (D-Mass.) said Monday she wants to get rid of the filibuster to prevent Republicans from blocking her wealth tax proposal if she is elected president.
During the Poor People’s Campaign presidential forum, Warren was asked how she would enact her wealth tax proposal if elected president given that Senate Majority Leader Mitch McConnell (R-Ky.) will stand in the way of Warren’s tax proposal, even if he is only the minority leader.
“Let’s start at a technical level, ‘cause you asked the question that way. Let’s be clear. If we’re in the majority and Mitch McConnell wants to block us on the kinds of things our country needs or the kinds of things they elected me and other people to enact, then I’m all for getting rid of the filibuster. We cannot let him block things the way he did during the Obama administration,” Warren said.
“I’ve been there when it was one set of rules when President Obama was president, and now it’s a different set of rules now that they’ve got Trump in the White House. We can’t do that as Democrats. We have to be willing to get in this fight,” she said.
Without citing specifics, Warren claimed that most Republicans support a wealth tax as well as getting rid of student loan debt.
“Part two is to understand this is about making democracy work,” Warren said. “When you asked the question, and you rightly say, by the way, that wealth tax. It’s not only popular among Democrats. It’s not only popular among independents. A majority of Republicans support it. Same thing for getting rid of student loan debt. A majority of Republicans were there.
“This is something we can build support on all across this country, but what it really means is that we gotta be building our grassroots movement now. This is what the Poor People’s Campaign is about,” she said.
“You’ve been doing this for a long time, but let’s build it not just toward November of 2020 – which I’m all in favor of – but it’s keep that momentum up so that come January of 2021, we are fighting for real change - a president who leads and a people who say, this is what we want. That’s how we get pressure on Congress and get to make the changes we need to make in this country,” Warren added.
Warren’s “Ultra-Millionaire Tax” taxes “the richest Americans,” according to her website.
“It applies only to households with a net worth of $50 million or more—roughly the wealthiest 75,000 households, or the top 0.1%. Households would pay an annual 2% tax on every dollar of net worth above $50 million and a 3% tax on every dollar of net worth above $1 billion. Because wealth is so concentrated, Saez and Zucman project that this small tax on roughly 75,000 households will bring in $2.75 trillion in revenue over a ten-year period,” her website stated.
According to its website, the Poor People’s Campaign’s goals are to: “shift the narrative, impact elections and policies, and build power among the 140 million poor peoples in the United States.”
It plans to force the national discourse to focus on “the real moral issues of the day,” which it states are: voting rights, health care, housing, equitable education, indigenous sovereignty, living wage jobs and the right to join a union, clean air and water, an end to gun proliferation and war mongering and other issues in our moral agenda.”