Billionaires hit Warren on proposed tax hike on top earners
Posted January 29, 2019 6:00 am
WASHINGTON (AP) - Sen. Elizabeth Warren is dismissing criticism of her tax plan from two billionaires who are also considering presidential runs.
Former New York Mayor Michael Bloomberg said her "ultra-millionaire tax" was "probably unconstitutional" and warned against a slide toward socialism.
Meanwhile, former Starbucks CEO Howard Schultz told NPR the plan was "ridiculous."
Warren, a Massachusetts Democrat, tells The Associated Press the tax is necessary and dismissed the comments from Bloomberg and Schultz, who are both considering using their wealth to fund a 2020 campaign.
She points to them as "another billionaire who thinks that billionaires shouldn't pay more in taxes."
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