Elizabeth Warren

Wealth tax found to cost jobs and income for workers while reducing GDP

The Center for Freedom & Prosperity (CF&P) Foundation has published a new paper titled, “The Economic Effects of Wealth Taxes.” Authored by John Diamond and George Zodrow of Rice University, the paper considers the significant economic damage that would occur if lawmakers adopted a wealth tax of between 2 percent-6 percent. Such a plan, modelled after the proposal from Senator Elizabeth Warren, is likely to be part of next year’s post-election tax agenda.

Joe Biden to make his Vice Presidential pick this coming week

Jo Jorgensen and Donald Trump already have their Vice Presidential candidates, but Joe Biden is the last one out of the gate for the three candidates who are expected to be on the ballot in all 50 states for the November 3, 2020 general election. Joe Biden said he will announce his VP pick the first week of August 2020 and speculators everywhere are trying to predict who it will be. Jo Jorgensen’s running mate is “Spike” Cohen and Donald Trump’s running mate is Mike Pence.