365NEWSX
365NEWSX
Subscribe

Welcome

Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthy

Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthy

Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthy
Aug 06, 2022 1 min, 24 secs

Elizabeth Warren, who have a history of knocking financial "loopholes" used by wealthy individuals and corporations, are set to vote on the Inflation Reduction Act after the measure's carried interest tax provision that targeted billionaires was removed.

Joe Manchin and Senate Majority Leader Chuck Schumer, the pair of progressive senators have repeatedly criticized tax loopholes over the years that are used by wealthy Americans, including the carried interest loophole.

In 2015, Sanders and Warren, along with six others, originally co-sponsored the Carried Interest Fairness Act, a measure introduced in the Senate that would have closed the carried interest loophole.

Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., have a history of knocking loopholes used by the wealthy, including the carried interest loophole.

Last September, amid ongoing negotiations regarding the budget reconciliation bill, Sanders claimed the measure would "end the days of tax loopholes and evasions" that are used by billionaires.

We will finally end the days of tax loopholes and evasions by the billionaire class of this country," Sanders wrote in a tweet. "Yes, they will finally pay their fair share of taxes.".

Just prior to announcing his second presidential bid in 2019, Sanders addressed the "rigged tax code" in America and took aim at wealthy Americans who he insisted have dodged adequate tax percentages.

In a 2018 tweet, Sanders took aim at former President Donald Trump, claiming that he failed to live up to a campaign promise to tackle the "egregious carried interest loophole," and that his "disgraceful tax bill did nothing to address it."

Echoing several of the viewpoints held by Sanders, Warren has made a name for herself when it comes to calling out wealthy Americans like Elon Musk and corporations like Amazon


1 Group-Based PvE MMORPG Embers Adrift is Launching October 15th 2022 - MMORPG.com

Oct 01, 2022 # technology 27 secs

2 CDC: early figures show unvaccinated at much higher risk for monkeypox - The Hill

Sep 28, 2022 # health 27 secs

3 Chinese researchers leaving the U.S. amid rising tensions, study finds

Sep 30, 2022 # breaking 1 min, 4 secs

4 Taking antidepressants long-term ‘increases your risk of killer condition’... - The US Sun

Sep 29, 2022 # health 1 min, 11 secs

5 Supreme Court poised to keep marching to right in new term - The Associated Press

Oct 01, 2022 # politics 1 min, 30 secs

6 How to get the most out of Apple's new AirPods - CNBC

Oct 03, 2022 # technology 21 secs

7 Fewer people seek US unemployment aid amid solid hiring

Sep 29, 2022 # breaking 34 secs

8 Russian Billionaire Oleg Deripaska Charged With Violating U.S. Sanctions

Oct 01, 2022 # breaking 39 secs

9 Nintendo Launches Official Website For Newly Acquired 'Nintendo Pictures' - Nintendo Life

Oct 03, 2022 # technology 2 mins, 42 secs

10 U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues - The Wall Street Journal

Sep 29, 2022 # politics 29 secs

11 MAGA Media Dweebs Lose Their Sh*t Over Lizzo Playing James Madison's Flute - The Daily Beast

Sep 29, 2022 # entertainment 1 min, 23 secs

12 Gallup poll finds trust in Supreme Court at historic low, down 20 points in two years

Sep 29, 2022 # breaking 39 secs

13 5 simple and healthy diet swaps to manage your cholesterol levels - Fox News

Sep 29, 2022 # health 1 min, 49 secs

14 Traces of Fungi Found Growing Inside Tumors Could Be Linked With Patient Outcomes - ScienceAlert

Oct 04, 2022 # health 49 secs

15 Why Scooter Braun Has "Regret" Over His Music Battle With Taylor Swift - E! NEWS

Oct 01, 2022 # politics 53 secs

16 Jeffrey Dahmer: como morreu o serial killer de nova série da Netflix

Sep 30, 2022 # breaking 21 secs
SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2022 365NEWSX - All RIGHTS RESERVED