Sen. Warren Urges Democrats to Draw ‘Red Lines’ in Upcoming Tax Debate

With Trump-era tax cuts due to expire next year, Ms Warren urges Democrats to follow President Biden’s lead on raising taxes on the wealthy.
Sen. Warren Urges Democrats to Draw ‘Red Lines’ in Upcoming Tax Debate
Sen. Elizabeth Warren (D-Mass.) speaks to a staff member before the start of a Senate Banking Committee hearing on oversight of credit reporting agencies, on Capitol Hill in Washington, on April 27, 2023. Drew Angerer/Getty Images
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Sen. Elizabeth Warren (D-Mass.) urged her fellow Democrats not to compromise with Republicans in fighting for tax increases for billionaires and corporations as Congress is set to reexamine tax policy next year upon the expiration of Trump-era tax cuts.

Ms. Warren said in a speech before the Washington Center for Equitable Growth on June 17 that progressive taxation is necessary to help fund social programs and improve the nation’s fiscal position.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."