Warren: Economists ‘Are Just Wrong’ When They Say $8 Trillion Tax Hike Will Stifle Economy

By Craig Bannister | December 19, 2019 | 9:52pm EST
Sen. Elizabeth Warren (Getty Images/Saul Loeb)

At Thursday’s Democrat presidential debate, Sen. Elizabeth Warren (D-Mass.) was asked to respond to top economists who say her plans for the largest tax hike since World War II would hurt the U.S. economy.

“Oh, they’re just wrong,” Sen. Warren replied, when asked if her plan to raise taxes $8 trillion over a decade would "would stifle growth and investment," as top economists predict.

After pausing for applause, Warren said she’d use that money to provide universal childhood care, “early childhood education for every baby in this country, age zero to five,” to “raise the wages of every childcare worker and pre-school teacher” and to cancel student loan debt.

“Think of the economic impact of that,” Warren said.


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