'If this were really about the national debt, then there are plenty of places we could go to stitch up loopholes, like no more of these tax havens abroad,' said the senator. 'But that is not where the Republicans want to go.'
to the Internal Revenue Service when it had the power to do so, diverting efforts away from auditing the wealthiest taxpayers and costing an estimated $125 billion in corporate taxes each year, and as Warren noted, House Speaker Kevin McCarthy the new session of Congress earlier this month with a vote by the party to rescind billions in IRS funding that Democrats passed to crack down on tax evasion.
The sales tax would be "on everything from rent to groceries to diapers to car repairs," said Warren, and would "cut taxes for those at the very top." In addition to further shifting tax burdens from the wealthy to lower-income households, Republicans have indicated they won't agree to raise the debt ceiling withoutsocial spending on programs such as Medicare and Social Security, which they have long blamed for national deficits.
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