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Democrats Embrace Tax-the-Rich Label After Years of Ducking It

  • Wealthy donors so far unafraid of Sanders, Warren plans
  • Democrats more focused on beating Trump than paying taxes
Bloomberg business news
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Some of the top Democratic presidential candidates are trying to make a name for themselves by calling for higher taxes on the wealthy. And for some wealthy donors, that’s not a problem.

Senators Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are focusing their 2020 campaigns on trendy new tax-the-rich plans, like Warren’s 2 percent wealth tax or Sanders’ expanded estate tax, as they make their cases against President Donald Trump.