Commentary: Be Very Skeptical About Sen. Warren Throwing More Money at the IRS

Elizabeth Warren

Closing the “tax gap,” or revenue owed to the federal government that goes uncollected, has long been a favorite deus ex machina for lawmakers who want more revenue without having to raise rates. But Internal Revenue Service (IRS) Commissioner Chuck Rettig really put dollar signs in lawmakers’ eyes when he claimed the tax gap could be as large as $1 trillion. Always eager to appear knowledgeable on policy issues, Sen. Elizabeth Warren is putting forward a plan to collect extra revenue that only gets worse the deeper you dig into it.

First and foremost, it’s important to understand how far off on an island Rettig is with his estimate. The IRS’s last official estimate of the size of the tax gap placed it at a far, far lower $381 billion. Even considering that this estimate may not have factored in underpayment from cryptocurrencies, offshore holdings, and pass-through businesses, the tax gap still remains far closer to $500 billion than to $1 trillion.

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As Biden Taps Elizabeth Warren Ally to Oversee Student Loans, Debate over Canceling Debt Looms Large

Elizabeth Warren

The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program.

On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students.

In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.”

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Analysis: Senator Elizabeth Warren Appears to be Distorting Reality in Order to ‘Sell’ Her Wealth Tax Proposal

Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.

Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.

Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small.

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Elizabeth Warren Urges More Regulation to Prevent ‘Dramatic Swings’ in Stocks Like GameStop

Senator Elizabeth Warren called for an SEC investigation into Reddit posts and other entities, according to a letter she sent to the Acting Chair of the SEC.

After Redditors discovered large hedge funds had shorted massive quantities of GameStop ($GME), retail investors bought $GME in a frenzy, sending it surging  600%, and causing hedge funds to lose approximately $5 billion dollars. Popular investment platforms such as Robinhood responded by halting the ability of investors to freely purchase more shares, making their only option to sell.

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Sen. Tina Smith Tests Negative for COVID After Skipping Warren Event

Democratic U.S. Sen. Tina Smith skipped a campaign event with Sen. Elizabeth Warren over the weekend after learning that a person who attended one of her events eight days earlier had tested positive for the coronavirus.

“I’m getting tested & I am quarantining until I test negative,” Smith tweeted Sunday. After learning Monday morning that she had tested negative, Smith tweeted that she was “Headed back to Washington to keep working for Minnesotans.”

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Minnesota Secretary of State Apologizes for Directing Voters to ‘Partisan’ Website to Find Polling Places

Minnesota Secretary of State Steve Simon apologized Tuesday after voters were briefly redirected from his office’s “pollfinder” tool to the website of a progressive organization that has endorsed Sen. Elizabeth Warren (D-MA) for president.

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Biden Dominates Super Tuesday States, Upsets Sanders in Minnesota

Former Vice President Joe Biden defeated Sen. Bernie Sanders (I-VT) Tuesday night in Minnesota’s Democratic primary, a shocking upset in what was a tough night for the Vermont socialist.

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Democrats Mocked for Disastrous Iowa Caucus

Someone won Monday night’s Iowa caucuses — we just don’t know who, yet.

The Iowa caucuses have been the first nominating contest in the nation since 1972 with 41 national delegates up for grabs.

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Wall Street Exec. Jamie Dimon Launches an Anti-Socialist Crusade as Students Increasingly Gravitate Toward It

Young Americans, including college students, are increasingly gravitating toward socialism, but one Wall Street executive is pushing back, warning of the system’s potentially irreversible effects. 

A recently published analysis by the top finance school in the United States, University of Pennsylvania Wharton School of Finance, has found that Sen. Bernie Sanders’ “Medicare for All” plan would shrink the country’s Gross Domestic Product (GDP) by 24 percent by 2060. Meanwhile, the majority of Democrat and Democrat-leaning college students nationwide overwhelmingly favor Sanders as the Democrat presidential nominee over any of the other candidates.

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Bloomberg Says Democrats ‘Can’t Take Minnesota for Granted’

Billionaire presidential candidate Michael Bloomberg said Democrats can’t “take battleground states like Minnesota for granted” after opening a field office in Minneapolis Thursday.

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The New York Times Mocked for ‘Profoundly Stupid’ Endorsement of Both Klobuchar and Warren

Commentators from across the political spectrum ruthlessly mocked The New York Times editorial board for its reality-TV style endorsement process, which resulted in the endorsements of both Sens. Amy Klobuchar and Elizabeth Warren.

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Commentary: Democrats and the Narcissism of Small Differences

Eventually, I am going to get around to saying something about CNN’s hostility to Senator Bernie Sanders (I-Vt.) – evidenced, most recently, by its energetic exertions on behalf of the campaign to elect Elizabeth Warren at last Tuesday’s Democratic debate. And I’ll say something, too, about the delicious exhibition of angst-filled hand-wringing that said hostility occasioned in many precincts of the leftwing media.

First, however, since CNN apparently undertook its cheerleading for Warren in order to declare its feminist bona fides, I would like to pose a few questions as a sort of prolegomenon, what Kierkegaard, in another context, called a “preliminary expectoration.” 1) Why are feminists so unpleasant? 2) Why do they insist on whining instead of getting on with the task at hand? 3) Why do they tend to blame other people for their failures?

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Ellison and Omar Vote for Bernie As Early Voting Begins in Minnesota

Minnesota voters began casting their votes early Friday in the state’s first presidential primary since 1992.

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Hometowns of 2020 Democrat Candidates Have Resettled Only 0.22 Percent of All Refugees

According to a new study, the hometowns of the four leading candidates for the Democratic Party’s presidential nomination in 2020 have collectively taken in less than half-a-percent of all refugees resettled over the last decade, as Breitbart reports.

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Elizabeth Warren’s Big Money Back Door

Democratic Massachusetts Sen. Elizabeth Warren has made her opposition to pricey fundraisers a staple of her presidential campaign. “I don’t do big-dollar fundraisers at all,” she told “Tonight Show” host Jimmy Fallon on Wednesday.

But Warren has carved out a workaround to her pledge by speaking at high-dollar fundraisers for the Democratic National Committee (DNC), whose financial support in the general election will be crucial to Warren if she is the party’s nominee.

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Poll: Support for Warren Drops to Lowest Since August in White House Race

NEW YORK – Support for U.S. Democratic presidential candidate Elizabeth Warren dropped nationally to its lowest level in four months, and nearly one in three potential Democratic primary voters say they do not know which candidate to pick with the first nominating contests less than two months away, according to a Reuters/Ipsos public opinion poll.

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Analysis: The School Funding Inequity Farce

Leading presidential candidates and major media outlets are claiming that school districts with high concentrations of minorities and poor children generally receive less funding per student than other districts. That hasn’t been true for at least half a century, but people are spreading this myth through deceptive studies that exclude federal funds.

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Commentary: What High-Tax Europe Really Looks Like

Promises are mounting in the Democratic Party’s primary debates as contenders try to outbid one another on free health care, free public education, or, in the case of Andrew Yang, just free money. Senator Elizabeth Warren plans to make college free in addition to canceling student debt for millions of people at an estimated cost of $1.25 trillion over 10 years. Senator Bernie Sanders’s “Medicare For All” bill would cost $34 trillion dollars over 10 years.

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Commentary: As Progressives Push Ever Leftward, an Orwellian ‘1984’ Election in 2020 Looms

For a variety of reasons, the 2020 election is going to be a referendum beyond Donald Trump’s record and his Democratic opposition.

The furor that Trump has incurred, and the radical antithesis to his agenda and first term, have redefined the looming election. It is becoming a stark choice between a revolutionary future versus American traditionalism.

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Elizabeth Warren’s ‘Medicare For All’ Plan Overlooks Cost of Illegal Alien Coverage

Democratic presidential candidate Elizabeth Warren said her “Medicare for All” plan won’t require a tax increase on the middle class and will return $11 trillion to American families, but her plan doesn’t factor in the cost of universal coverage for illegal aliens.

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Commentary: Dem Front Runner Warren Agrees With Trump on Trade and Middle East Wars

One of the more bizarre elements of last night’s Democratic presidential “debate” was how much the leading Democrat – Senator Elizabeth Warren – agrees with President Trump, especially on endless Middle East wars and the effects of trade on American workers.

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Poll Shows Trump Struggling in Key Battleground States, Slight Edge in Michigan

A new poll released last week by the public affairs firm Firehouse Strategies shows President Donald Trump either statistically tied or behind three top Democratic candidates in key Midwest states.

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Warren Pitches Free-College at Minnesota School That Costs Up to $68,000 Per Year

Democratic presidential candidate Sen. Elizabeth Warren brought her free-college message Monday evening to Macalester College, a progressive haven located in St. Paul, Minnesota that costs up to $68,000 a year to attend.

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Commentary: Democrats Labeling the President and His Supporters as White Supremacists Is Dangerous

Leading Democrats for the presidential nomination have apparently decided that their path to victory in the wake of the El Paso and Dayton mass shootings lays with demonizing President Donald Trump and his supporters as white supremacists and racists.

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Commentary: Democrats Have Nothing But Your Money After Dem Debate

There were two lucid moments during last night’s Democratic Debate. The first was former Rep. John Delaney who, in his opening statement, delivered a scathing rebuke to Senators Bernie Sanders and Elizbeth Warren for their “fairy tale economics” that risk bankrupting the economy.

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