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Elizabeth Warren Suggests Elon Musk Should Pay More Taxes for Government Efficiency
Senator Elizabeth Warren urged DOGE chief Elon Musk to cut unnecessary spending, suggesting fully funding the IRS and closing the carried interest loophole.
Senator Elizabeth Warren wrote an open letter to Department of Government Efficiency (DOGE) chief Elon Musk, suggesting ways the federal government could cut unnecessary spending.
According to the letter, dated January 23, Warren proposed fully funding the IRS, closing the carried interest loophole, and adding a capital gains tax on real estate.
The wealthy appear to be the targets of Warren’s IRS proposal, as this socioeconomic group is mentioned four times in the short, four-paragraph section titled “Reducing Waste and Abuse in the Federal Tax Code.” With a net worth of $436 billion, Musk certainly falls into that category.
Senator Warren expressed strong concerns about DOGE's operation and policies, particularly regarding potential conflicts of interest among its leadership.