Sen. Warren Urges Democrats to Draw ‘Red Lines’ in Upcoming Tax Debate

Sen. Elizabeth Warren (D-Mass.) urged her fellow Democrats not to compromise with Republicans in fighting for tax hikes for billionaires and corporations as Congress is set to reexamine tax policy next year upon the expiration of Trump-era tax cuts. In a speech before the Washington Center for Equitable Growth on June 17, Ms. Warren advocated the need for progressive taxation to help fund social programs and improve the nation’s fiscal position. “The 2025 tax fight will create a huge opportunity to break with decades of tax-cutting political orthodoxy and reshape the tax code to reflect our nation’s values by raising taxes on the wealthy,” she said in prepared remarks....