Wealth Tax Would Face Many Challenges, Report Says

American Enterprise Institute

Aspen Institute

A wealth tax as proposed by Sen. Elizabeth Warren, D-Mass., would likely reduce saving and investment and come with exemptions that would introduce distortions and be difficult to implement compared with income and estate and gift tax reforms, Alan D. Viard said in a report released by the Aspen Institute.

<p>A wealth tax as proposed by Sen. Elizabeth Warren, D-Mass., would likely reduce saving and investment and come with exemptions that would introduce distortions and be difficult to implement compared with income and estate and gift tax reforms, Alan D. Viard said in a report released by the Aspen Institute.</p>