6th Democratic Primary Debate: on Tax Reform

Tom Steyer: Cut taxes for 95% of Americans by 10%

Elizabeth Warren: Oh, they're just wrong. Let's start with a wealth tax: a two cent tax on the great fortunes in this country, on $50 million dollars and above.

Tom Steyer: I agree with Senator Warren in much of what she says. I've been for a wealth tax for over a year. I'm in favor of undoing all the tax breaks for rich people and big corporations that this administration has put through. And in addition, I've talked about equilibrating the taxes on passive investment income, which would allow us to cut taxes for 95% of Americans by 10%.