She would charge an additional 1% for wealth of more

## ## Who is Elizabeth Warren

senator from Massachusetts making her first run for the presidency. Coming from a progressive who favors “Medicare for All,” free college tuition and canceling student debt, Warren’s campaign mantra is bringing “big, structural change” to Washington. She is a former Harvard law professor specializing in bankruptcy who helped establish the Consumer Financial Protection Bureau during the Obama administration, an agency she fought hard to create. Senate. Two years, later she won election to the chamber.

1) Medicare for All: Like her friend and ally Bernie Sanders, Warren backs a single payer “Medicare for All” plan that would put an end to private insurance and enroll everyone on the government health care system. Her $20.5 trillion plan to provide every American with health care without raising taxes on the middle class has faced questions about whether the plan to pay for it is realistic. It would tax employers $8.8 trillion about what they currently spend on health insurance, double the wealth tax on billionaires, add new taxes on stock trades and investment gains, create new fees on big banks and increase taxes on companies that make more money abroad. The plan also relies on $400 billion less spending on immigration and $800 billion in military spending cuts. The plan also counts on $6.1 trillion in funding from states, which would pay the federal government the amounts they spend now to cover insurance for state workers and low income residents on Medicaid.

2) Wealth tax: In addition to taxing income, Warren wants the federal government to start taxing the wealth accumulated by the nation’s richest families. Warren would place an annual 2% tax or as she frequently refers to it “two cents” on family wealth more than $50 million. She would charge an additional 1% for wealth of more than $1 billion. Such wealth would cover investments, real estate holdings and other possessions, raising questions about how the IRS would implement the tax. Critics also have raised questions about whether such a policy would be constitutional, ensuring an all but certain legal battle if Warren managed to get the proposal passed into law.

3) Break up big tech: Warren wants to break up some of Silicon Valley’s largest firms, including Amazon, Apple, Facebook and Google. Her argument is that the companies have become monopolies, and she would appoint federal regulators to undo some of the companies’ mergers, such as Google’s acquisition of Waze, Facebook’s purchase of WhatsApp and Instagram, and Amazon’s purchase of Whole Foods. Warren also would pass legislation banning companies, such as Amazon, from creating and participating in a market at the same time.

2) Tons of selfies: One of the trademarks of Warren’s campaign is that she stays hours after her town hall events to take selfies with those in attendance. By fall of 2019, she had topped 40,000 selfies taken during the campaign with some lines lasting as long as four hours.

3) Ancestry controversy: During her career as a law professor, Warren identified herself as Native American. Senate run and from President Donald Trump, who has mocked her with a slur over the matter. Warren has insisted she didn’t use the heritage to advance her career, and before launching her campaign for president, she released a DNA test that she said proved she had a Native American ancestor. That move drew criticism from some Native Americans, for which Warren apologized.

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