Elizabeth Warren in 2020 FactCheck


On Tax Reform: FactCheck: "2% wealth tax" is 6% on wealthiest billionaires

Warren referenced her proposed wealth tax twice during the debate, both times calling it a "2-cent wealth tax." It's true that part of her plan includes an annual tax of 2 cents on every dollar of wealth over $50 million, but she didn't mention that her amended plan would call on those with more than $1 billion of wealth to pay triple that amount.

Warren's original plan included the 2% tax on net worth over $50 million and a 3% tax on net worth over $1 billion. But she later introduced a plan to pay for Medicare for All that included increasing the higher threshold tax to 6%.

However, some economists have questioned whether her plan would raise as much as she expects. If implemented in 2021, the taxes would raise between $2.3 trillion and $2.7 trillion over 10 years. That's about $1 trillion to $1.4 trillion less than the Warren campaign's estimate. The wealth tax would also reduce gross domestic product in 2050 by about 1-2%, depending on how the money is spent.

Source: FactCheck.org on 8th Democrat 2020 primary debate Feb 8, 2020

On Abortion: Legal abortions are safer than tonsillectomies

Did Sen. Elizabeth Warren once say: "Having an abortion is no different than someone having their tonsils removed." FALSE.

Warren became the subject of increased scrutiny and rhetorical attacks from the right in January 2019, after she declared she was in the running for the Democratic nomination for president in 2020. Against that background, a viral meme re-emerged on social media:

In reality, Warren did not make these remarks. Warren was making a point about the relative safety of the procedure: On 24 July 2018, in Marie Claire magazine, Warren wrote: "When abortions are illegal, women don't stop getting them--they just risk their lives to do it. Today, thanks to Roe, getting an abortion is safer than getting your tonsils out. Before Roe v. Wade, many women turned to back-alley butchers to end their pregnancies."

Source: Snopes.com FactCheck on 2020 Presidential Hopefuls Jan 30, 2019

The above quotations are from Fact-checking on 2020 Presidential, Gubernatorial, and Senatorial campaigns.
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Page last updated: Dec 01, 2021