Senator Elizabeth Warren said her proposed wealth tax on households worth more than $50 million could help pay for investments in infrastructure, childcare and health reforms as part of President Joe Biden’s plan to “Build Back Better” after the coronavirus pandemic that has disproportionately hit low-income families.
“We need to turn to infrastructure, childcare, pre-K, college. We need to turn to the things that create investment and opportunity going forward and to do that, a wealth tax is the best way to pay for it,” Warren said.
