News and Commentary

Warren Is Lying About Taking ‘2 Cents’ From Billionaires To Pay For Socialist Plans. Here’s The Truth.

Amanda Prestigiacomo
Warren Is Lying About Taking ‘2 Cents’ From Billionaires To Pay For Socialist Plans. Here’s The Truth.
Photo by Alex Wong/Getty Images

During Wednesday night’s fifth 2020 Democratic primary debate, hosted by MSNBC and The Washington Post, Senator Elizabeth Warren (D-MA) lied to the American people about her tax plan, misleadingly telling viewers that billionaires need to chip in “two cents” to help pay for her wildly expensive socialist policy plans.

“I have proposed a 2-cent wealth tax,” Warren said at the debate, according to NBC News. “Your first 50 billion is free and clear — but your 50 billionth and first dollar, you gotta pitch in 2 cents, and when you hit a billion dollars, you gotta pitch in a few pennies more.”

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