Massive income redistribution from wealthiest and corporations at heart of Democrat’s plan
Sen. Elizabeth Warren, D-Mass., at a news conference in the Capitol in March. Warren is betting that a massive redistribution of wealth would win her the Democratic nomination and the presidency. (Bill Clark/CQ Roll Call file photo)
Two years ago, the House rejected a budget blueprint drafted by the Congressional Progressive Caucus that envisioned raising taxes by $9 trillion over a decade, plowing $5 trillion of that into new spending and leaving the rest for deficit reduction. Considered radical at the time, the plan was defeated 108-314, with 79 Democrats opposing it.
Democratic Sen. Elizabeth Warren of Massachusetts is running for president on a platform that makes House progressives’ 2017 budget look milquetoast. Still, by some metrics Warren’s got a plausible shot at the Oval Office: She’s polling well in Iowa and New Hampshire, and handily beats President Donald Trump in head-to-head nationwide polls.