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Sen. Elizabeth Warren has made it clear: She wants to tax the ultrawealthy.
It’s a measure that a majority of Americans support, and could bring in billions in tax revenue, but beyond the political will to make it law it faces several legal obstacles. Besides implementation concerns, it might not be allowed under the Constitution.
Warren is on the case. Her recent introduction of the Ultra-Millionaire Tax Act included two different letters from law professors, each detailing why they believe a wealth tax is constitutional. Overall, 14 professors signed the two letters.
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