News Coverage
New York Times: An Exposé Has Congress Rethinking How to Tax the Superrich
WASHINGTON — A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to ensure that people like Jeff Bezos and Warren Buffett pay their fair share.For Republicans, the idea that the tax code should give preferential treatment to investment has been sacrosanct, ostensibly to promote economic growth and innovation that could benefit everyone. But the news this week … Continue Reading
June 04, 2021
Bloomberg: SEC Ousts Head of Top Audit Regulator Amid Warren Pressure
The Securities and Exchange Commission, led by Chairman Gary Gensler, has fired the U.S.’s top accounting regulator, a move that is certain to please investor advocates and progressives who had demanded an overhaul of the watchdog.The SEC announced the removal of Public Company Accounting Oversight Board Chairman William Duhnke in a Friday statement. He was replaced on an acting basis with PCAOB board member Duane DesParte.The change was approved in a vote by Gensler and the SEC’s … Continue Reading
June 01, 2021
Wicked Local: Sen. Elizabeth Warren, Salem small biz owners talk COVID-19 struggles
A little under a dozen small-business owners on Tuesday told Sen. Elizabeth Warren they are facing a mixture of COVID-19-related issues as they bounce back from the global pandemic in 2021. Warren joined Mayor Kim Driscoll, elected officials and mostly local restaurant and café owners seated around a table set up outside the Adriatic Restaurant for the early-afternoon conversation in downtown Salem. COVID-19 wreaked havoc on the local tourism, hospitality and restaurant industry. “Every … Continue Reading
June 01, 2021
Eagle Tribune: Groceries and grades: Warren visits Lawrence to bring attention to college food insecurity
LAWRENCE — Not long ago, pre-pandemic, Northern Essex Community College was serving peanut butter and jelly sandwiches in the hallways of its Lawrence campus. Sure, NECC President Lane Glenn may have really liked a grab n' go grape jelly with crunchy Jif, but the PB&J sandwich stations signaled a lot more, the community college head explained. According to Glenn, they illustrated the harsh reality many college students face, right at home in Lawrence: That food insecurity is very real.Glenn, … Continue Reading
May 27, 2021
Quartz: Elizabeth Warren doesn’t buy Jamie Dimon’s commitment to conscious capitalism
If you were to host an impromptu dinner party to discuss the role of corporate America in social welfare today, Elizabeth Warren and Jamie Dimon would be close to the top of the guest list. Warren, a Massachusetts senator and former Democratic presidential candidate, has for decades taken up the mantle of causes like consumer protection and income inequality, while Dimon, JPMorgan Chase’s chairman and CEO, has cultivated a reputation for pushing corporate America to embrace a more socially … Continue Reading
May 27, 2021
Rollcall: Progressives push more clean energy infrastructure spending
A pair of progressive lawmakers is pushing to include legislation that would lock in more than $1 trillion in spending for U.S.-made clean energy products and create a new division of the Energy Department focused on low- and zero-carbon options.Sen. Elizabeth Warren, D-Mass., and Rep. Andy Levin, D-Mich., are set to unveil two bills Thursday as left-leaning Democrats in Congress are pushing the Biden administration and members of their party on Capitol Hill to maintain a broad, … Continue Reading
May 26, 2021
New York Times: Senators criticize Wall Street chiefs about their pandemic response.
The top executives of six of the biggest banks in the United States drew criticism from several senators during a hearing on Capitol Hill on Wednesday for not doing more to help small businesses and retail customers during the pandemic.A number of lawmakers said the nation’s top banks should have provided more relief to businesses and consumers in light of the big profits the banking industry posted last year.The most contentious moment occurred when Senator Elizabeth Warren, Democrat of … Continue Reading
May 26, 2021
Salon: Elizabeth Warren and Jamie Dimon face off in heated Senate hearing
Sen. Elizabeth Warren, D-Mass., grilled J.P. Morgan Chase CEO Jamie Dimon during a Senate Banking Committee hearing on Tuesday, calling claims that the bank helped customers during the pandemic "a bunch of baloney.""No matter how you try to spin it," Warren declared, "this past year has shown that corporate profits are more important to your bank than offering just a little help to struggling families even when we're in the middle of a worldwide crisis."Back in December, CNBC reported that, … Continue Reading
May 25, 2021
Bloomberg: Warren Tears Into Fed on Credit Suisse Oversight Before Archegos
Senator Elizabeth Warren ripped the Federal Reserve for its oversight of Credit Suisse Group AG in the run-up to Archegos Capital Management’s implosion, arguing the regulator badly blundered when it freed the bank from heightened monitoring.Warren pointed out at a Tuesday Senate hearing that the Fed knew Credit Suisse had problems estimating its potential trading losses because the agency had flagged the Swiss bank over that issue in its 2019 stress tests. She questioned why Credit Suisse, … Continue Reading
May 24, 2021
Bloomberg: Elizabeth Warren Floats $31.5 Billion Plan to Pursue Tax Cheats
Senator Elizabeth Warren is proposing to nearly triple the Internal Revenue Service’s budget to help identify wealthy individuals who are cheating on their taxes.The Massachusetts Democrat is proposing to give the IRS a mandatory annual budget of $31.5 billion, up from the $11.9 billion the agency received from Congress for fiscal year 2021. Warren’s legislation would remove the agency’s funding from the annual appropriations process, so that it wouldn’t change based on the year-to-year whims … Continue Reading
May 20, 2021
Mother Jones: Elizabeth Warren Wants Joe Biden to Go Bigger on Child Care
When Sen. Elizabeth Warren (D-Mass.) ran for president, one of the first policies she unveiled to establish herself as the wonk candidate was a proposal for universal child care and pre-K. Warren delivered her speech for last summer’s virtual Democratic National Convention from a pandemic-shuttered daycare and used her five minutes of primetime to elevate child care as “the basic infrastructure of this nation.” She’s kept up the … Continue Reading
May 20, 2021
CNN: Senators call on Biden administration to demand Saudi end blockade tactics on a starving Yemen
(CNN) - A group of Democratic senators are calling on President Joe Biden to take "immediate and decisive action" to end Saudi Arabia's "blockade tactics" in Yemen that have prevented food, medicine and other crucial supplies from reaching desperate and starving people there.A Saudi failure to meet those demands should result in consequences, the senators wrote in a Wednesday letter to Biden that CNN has seen, "to include pending weapons sales, military cooperation, the provision of … Continue Reading
May 15, 2021
The Hill: Warren calls for US to support ceasefire between Israel and Hamas
Sen. Elizabeth Warren (D-Mass.) called for the U.S. to support a ceasefire between Israel and Hamas amid escalating violence in the Gaza Strip that has killed dozens of civilians and leveled a high rise building that houses several prominent media outlets."Israeli airstrikes that destroyed international media outlets and killed innocent Gaza civilians tell us what we already know: Israel and Hamas must work with negotiators and reach a ceasefire immediately and the US must actively support … Continue Reading
May 11, 2021
National Public Radio: Warren, Sanders Call For Expanding Food Aid To College Students
Democrats in the House and Senate are introducing legislation Tuesday that would make pandemic-related food benefits for college students permanent. The push is being led by Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, a Vermont independent.In the December relief package, Congress increased the number of low-income college students eligible for Supplemental Nutrition Assistance Program (SNAP) benefits for the duration of the pandemic. That included students who are eligible for work … Continue Reading
May 11, 2021
Boston.com: Elizabeth Warren and Ayanna Pressley bring back the Andrew Kearse Act, four years after his death in police custody
Before the words “I can’t breathe” became a rallying cry in the wake of George Floyd’s death, there was Andrew Kearse.Kearse, a Black resident of New York City, died exactly four years ago — May 11, 2017 — from a heart attack in the back of a police cruiser, despite repeatedly pleading to officers for help. Dash camera footage showed the 36-year-old breathing heavily in the back of the car and repeatedly telling officers, “I can’t breathe.” In total, he asked for help 70 times over the course … Continue Reading
May 06, 2021
Boston.com: Warren, Markey urge Senate leadership to include long-term investments for schools in next funding package
Sens. Elizabeth Warren and Ed Markey are among a group of lawmakers urging Senate leadership to ensure that long-term investments for schools recovering from the COVID-19 pandemic are included in the next major funding package. In a letter jointly addressed to Majority Leader Chuck Schumer and Minority Leader Mitch McConnell on Thursday, the Massachusetts Democrats wrote that additional funding is needed for elementary and secondary schools to “accelerate students’ academic progress, address … Continue Reading
May 05, 2021
Forbes: Warren: Extend Student Loan Freeze Or Make It ‘Permanent’
Senator Elizabeth Warren (D-MA) suggested on Tuesday that the Biden administration should extend the current pause on federal student loan payments and interest, or implement a permanent freeze.Warren’s comments, made on Twitter, were made in response to a statement earlier this week by Education Secretary Miguel Cardona that the administration isn’t ruling out extending the student loan moratorium beyond the current September expiration. The CARES Act, which Congress enacted last year, … Continue Reading
April 28, 2021
Business Insider: Elizabeth Warren and other Democratic senators demand to know how US pharmaceutical companies plan to share vaccine technology as COVID-19 devastates India
In the next few weeks, more than half of Americans will have received at least one dose of a coronavirus vaccine. In much of the developing world, if current trends hold, people will be lucky to get a shot by 2022 — all the more reason, a group of US senators say, that pharmaceutical companies should be sharing their know-how and hastening the end to this global health crisis.Sharing intellectual property, "such as vaccine recipes and manufacturing information... could drastically expand … Continue Reading
April 27, 2021
CNN: Elizabeth Warren: US taxes are rigged in favor of Amazon, Netflix and other big companies
New York (CNN Business) - Senator Elizabeth Warren is making her case for why America's tax system is rigged by calling out Amazon, Netflix and other companies that pay little or nothing in federal income taxes."Congress didn't wake up one morning and say, 'Let's punch enough holes in the tax code so that Amazon and Netflix can earn billions and pay nothing,'" Warren told CNN Business on Tuesday after chairing her first Senate finance subcommittee hearing."Those giant corporations have … Continue Reading
April 27, 2021
CBS: Progressive lawmakers push child care plans ahead of President Biden's proposal
Senator Elizabeth Warren of Massachusetts on Tuesday unveiled a $700 billion plan to help families get affordable, quality child care in the United States. Her proposal comes as the coronavirus pandemic has highlighted the persistent challenges families face finding and paying for care. Warren's Universal Child Care and Early Learning Act, which is being reintroduced in the House by Congressman Mondaire Jones of New York, is one of several child care proposals from lawmakers putting pressure … Continue Reading
