Elizabeth Warren and Bernie Sanders have had their differences lately. But their separate proposals for unconstitutional wealth taxes would do similar damage to the U.S. economy, according to a new study from the Tax Foundation. Huaqun Li and Karl Smith of the Tax Foundation estimate today that Sen. Warren’s wealth tax would collect roughly $2.2 trillion and Sen. Sanders’ version would collect $2.6 trillion over the 10-year period from 2020-2029.

Source: Wall Street Journal January 27, 2020 23:03 UTC