Sen. Elizabeth Warren proposed an across-the-board increase in Social Security benefits, financed by new taxes on high-income Americans.
The Massachusetts Democrat called for an immediate benefit increase of $200 per month for current and future beneficiaries.
Rolling out the plan on the morning of the third presidential debate, the Massachusetts Democrat called for an immediate benefit increase of $200 per month for current and future beneficiaries. At the same time, she proposed new rules that would provide additional benefit increases for low-income, female, disabled, minority, and former government worker beneficiaries, reasoning that they've been shortchanged by the existing structure of the program.
Democratic presidential candidate, Sen. Elizabeth Warren addresses the crowd at the 2019 South Carolina Democratic Party State Convention on June 22, 2019 in Columbia, South Carolina.In addition, she'd levy another 14.8% on investment income for individuals earning more than $250,000 and couples earning more than $400,000.
Warren has made an aggressive economic populism the signature of her White House bid. She has proposed a new wealth tax on assets above $50-million, and a new minimum tax on the profits of the largest corporations, to help finance new government benefits for child care, health care, housing and education.
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