Sen. Elizabeth Warren, D-Mass., had some choice words about the GOP’s tax reform bill unveiled on Thursday.
In an interview on CNBC’s “Closing Bell,” Warren called the tax plan a “$2 trillion giveaway to giant corporations” in addition to added which the biggest beneficiary might be Wells Fargo, the bank at the center of a massive fake-accounts scandal last year. She also said beneficiaries include foreign investors in addition to multinational companies.
“This specific gives real subsidies to move jobs overseas,” she said, adding she might “do my best to stop which.”
On the nomination of Jerome Powell to succeed Janet Yellen as the next Federal Reserve chairman, Warren said which’s a not bad sign which he has aligned himself with Yellen. Still, she plans to reserve judgment until after the nomination hearing.
“I’m going to ask him some tough questions in addition to hear what his answers are,” she said.