Warren’s Ultra-Millionaire Tax Proposal ‘Dangerous,’ Barrasso Charges

Proposal would impose 2 percent tax on households with over $50 million

Sen. Elizabeth Warren (D-Mass.) holds a news conference to announce legislation that would tax the net worth of America's wealthiest individuals at the U.S. Capitol in Washington on March 1, 2021. Chip Somodevilla/Getty Images

A top Senate Republican on Tuesday criticized an effort by Democrats to introduce a wealth tax.

“We’re fighting every day to stop these ridiculous policies,” Sen. John Barrasso (R-Wyo.), a member of the upper chamber’s GOP leadership, said on Fox Business’ “Mornings With Maria.”