And they say Ms. Warren’s proposal, which would tax only net worth above $50 million, is narrowly defined enough that most Americans can feel confident they will never pay it. Economists advising Ms. Warren estimate that 75,000 high-wealth American households would owe money to the government under her proposal. But she is now leaning toward supporting Ms. Warren, largely because of her economic proposals. Wealthy individuals and corporations have too many ways to get out of paying taxes, Ms. Mitchell said. She said Mr. Trump had failed to deliver on his promise to help people like her improve their lot.

Source: New York Times July 21, 2019 18:45 UTC