Elizabeth Warren Quotes
G.E. doesn't pay any taxes, and we are asking college kids to take on even more debt to get an education and asking seniors to get by on less. These aren't just economic questions. These are moral questions.
Warren, Elizabeth. Campaign Speech. Boston, MA, 2012.
Watts is a very low income, Los Angeles neighborhood; Beverly Hills, one of the most affluent Los Angeles neighborhoods. Usually a conservative, Friedman was intellectually very honest and opposed subsidies for the wealthy.
The majority had held that the income tax or any tax based on income or wealth was unconstitutional (it was less than 2% only on income over $4,000--$101,000 in 2010 dollars). It took a Constitutional Amendment to have an income tax. See {587718}.
Although Mellon served as Treasury Secretary to three Republican Presidents, he favored taxing earned income at a much lower rate than investment income, on fairness and pragmatic grounds. But the Republicans not only did not take his advice but have managed to cut the tax rates for investment income (capital gains taxes) so that they were actually lower than what the middle class tax rates are for their earned income. So this quote is often used by Democrats and liberals in the taxation fight that is constant.
Elizabeth Ann Warren is an American politician and former law professor who is the senior United States senator from Massachusetts, serving since 2013. A member of the Democratic Party and regarded as a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate. Warren was a candidate in the 2020 Democratic Party presidential primaries, ultimately finishing third.