| Two days ago, Senate Democrats adopted a budget that takes the country "one step closer to realizing President Biden's transformational agenda: a once-in-a-generation investment in child care and Medicare, combating climate change, and other efforts that would actually make our government work for families," Sen. Elizabeth Warren (D-Mass.) writes. "The other half of the package — how to pay for these investments — is equally important." For this, she has a plan. In an op-ed, Warren outlines three practical measures to fix the system now. One: Start taxing wealth, not only income. She projects that her proposed wealth tax would raise "roughly $3 trillion in revenue over the next decade, without raising taxes on 99.95 percent of Americans" — and notes that such a tax is "supported by 68 percent of the country, including a majority of Republicans." Two: Tax the profits that large companies report to their shareholders, to ensure they can't get away with paying zero in federal income tax (which many now do). And three: Give the hollowed-out IRS the resources it needs to administer the law and track down wealthy and corporate tax evaders. Warren's column offers much more detail on how these proposals would work, and what they would accomplish. "There are other ideas worthy of consideration," she acknowledges. But "no matter how loudly Washington lobbyists bleat otherwise, progressive tax policies are wildly popular. Americans understand that our tax system has been rigged to reward the rich and powerful at the expense of everyone else. So let's fix it."  (Susan Walsh/AP) American workers and families don't want handouts. They want everybody to play by the same rules. By Elizabeth Warren ● Read more » | | | | We may have stumbled upon exactly the kind of litmus test that could prove useful. By Catherine Rampell ● Read more » | | | | The bipartisan Senate infrastructure bill means Democrats will have to go it alone in pursuing even bigger spending and raising taxes. Voters will notice. By Marc Thiessen ● Read more » | | | "Frankenstein": Avoid doctors. By Alexandra Petri ● Read more » | | | | How Congress can build guardrails against future Trumpian misdeeds. By Greg Sargent ● Read more » | | | | For at least a moment, Democrats ought to appreciate, and celebrate, what their party has accomplished. By Eugene Robinson ● Read more » | | | | Here's what the president can — and should — do. By Lawrence O. Gostin ● Read more » | | | The 2020 Census thinks otherwise. How much will its denial of Middle Eastern and North African identity inflate the size of the U.S. racial majority? By Dalia Azim ● Read more » | | | | What appears ahead is a battle for Kabul itself. By David Ignatius ● Read more » | | | | They have their differences, but they share a belief in government that makes it impossible to walk away. By Paul Waldman ● Read more » | | | | There are too many who think we can lower emissions with no hard choices. By Fareed Zakaria ● Read more » | | | | Students may be at most risk of contracting delta variant of the coronavirus when they are eating. By Gail Ravnitzky Silberglied and Joanna Snyder ● Read more » | | | | The commonwealth's congressional delegation must rise to the occasion by delivering needed investments that protect our communities and secure our future. By Rebecca R. Rubin ● Read more » | | | |
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