Other 2020 Democrats have unveiled education plans, as they and Ms. Warren look to appeal to teachers and the powerful unions representing them. Tapped Out Ms. Warren has completely allocated the $2.75 trillion she says her proposed wealth tax would raise. For example, Ms. Warren previously said she would use the wealth tax to pay for a $100 billion opioids plan, the creation of a $7 billion small business equity fund, and a $20 billion election security plan. The Warren wealth tax is a proposed 2% annual levy on household wealth above $50 million and an additional 1% tax on wealth above $1 billion. In addition to the public education plan announced Monday, the wealth tax would pay for universal child care as well as a higher-education plan, which includes student-debt cancellation and tuition-free public college.

Source: Wall Street Journal October 21, 2019 12:56 UTC