Tag Archives: Sen. Elizabeth Warren

Four U.S senators this week called on Treasury Secretary Janet Yellen to use her existing authority to go after American billionaires and multimillionaires who “use trusts to shift wealth to their heirs tax-free, dodging federal estate and gift taxes.” “They are doing this in the open: Their wealth managers are …

Kenny Stancil Sen. Elizabeth Warren this weekend called on federal officials to investigate the causes of recent bank failures and urged President Joe Biden to fire Federal Reserve Chair Jerome Powell, whom she has criticized for intensifying financial deregulation and imposing job- and wage-destroying interest rate hikes. Asked on Sunday …

Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) have introduced a bill to repeal part of a Trump-era bank regulation rollback law in the wake of the collapse of Silicon Valley Bank. The bill, called the Secure Viable Banking Act, would put banks with at least $50 billion in …

Kenny Stancil, Common Dreams As congressional Republicans threaten to cut Social Security and other key federal programs, progressive Sens. Bernie Sanders and Elizabeth Warren led a group of lawmakers Monday in unveiling legislation that would increase Social Security benefits by at least $200 per month and prolong the program’s solvency …

Frustrated with federal inaction in the face of soaring inequality, Democratic lawmakers in seven states across the U.S. are teaming up this week to simultaneously introduce wealth tax bills targeting the fortunes of billionaires and other rich individuals who have seen their net worth explode in recent years. Officially launching …

Sen. Elizabeth Warren on Sunday said congressional Democrats should use the upcoming lame-duck session to eliminate the U.S. debt ceiling for good, warning that leaving the borrowing limit intact gives Republicans an opening to hold the economy hostage. “I’d get rid of the debt ceiling altogether,” Warren (D-Mass.) told NBC‘s …

Just over a week after President Joe Biden unveiled a plan to cancel $10,000 in federal student loan debt for most borrowers and reform the income-driven repayment program, his administration on Thursday was rebuked once again for its ongoing effort to deny bankruptcy relief to some of the nation’s most …

On Monday, Tax Day 2022, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Representatives Brad Sherman (D-Calif.) and Katie Porter (D-Calif.), sent a letter to Intuit, the maker of TurboTax, calling out what the lawmakers say are the company’s “unethical use of the revolving …

The White House is expected to announce on Wednesday that they will extend the pause on federal student loan payments through August 31, 2022, according to reporting from the Associated Press. The repayment moratorium has been extended multiple times since it was first put in place in March 2020 due …

United States Senator Elizabeth Warren (D-Mass.), Senate Majority Leader Charles E. Schumer (D-N.Y), and United States Representatives Pramila Jayapal (D-Wash.), Ayanna Pressley (D-Mass.), Ilhan Omar (D-Minn.), and Katie Porter (D-Calif.) led more than 80 Senate and House colleagues calling on the Biden administration to release the Department of Education’s (ED) …

Nadra Nittle Originally published by The 19th President Joe Biden announced Wednesday that he’s extending the pandemic pause on federal student loan payments through May 1, 2022, a move that drew both quick praise from advocates and renewed calls to cancel student debt outright. A moratorium on payments has been …

A tweet posted on Sen. Elizabeth Warren’s official Twitter account confirmed that she had tested positive for COVID-19. Warren, a Massachusetts Democrat, has been vaccinated and received a booster shot. She says she is experiencing mild symptoms. Warren was on the Senate floor last week before the chamber went on …

The Real Corporate Profits Minimum Tax Act would raise over $300 billion and promote a fairer tax system Senator Angus King (I-Maine), Senator Elizabeth Warren (D-Mass), and Senate Finance Chair Ron Wyden (D-Ore.) are introducing legislation with a number of his colleagues to prevent America’s largest corporations from paying nothing in …

On Tuesday, Congresswoman Cori Bush, Senator Elizabeth Warren, and over three dozen of their colleagues introduced the Keeping Renters Safe Act of 2021 to enact an urgently needed nationwide eviction moratorium. In direct response to the Supreme Court’s decision to strike down President Biden’s initial eviction moratorium on the grounds that …

The White House announced on Friday that the moratorium for federal student loan payments is being extended until January 31, 2022. The Department of Education says that this will be the final extension. “The payment pause has been a lifeline that allowed millions of Americans to focus on their families, …