Elizabeth Warren Votes No on Treasury Nominee Over Tax Cuts and IRS Plans

Opposition to Faulkender Nomination

• ❌ Senator Elizabeth Warren announced her vote against the nomination of Michael Faulkender for Deputy Secretary of the Treasury.
• 🎯 Her opposition stems from Faulkender's support for Trump's tax plan, which she argues benefits millionaires, billionaires, and large corporations.

Concerns Over Tax Plan and IRS

• 💡 Warren highlighted her inability to support a nominee who is okay with Elon Musk's takeover of the IRS.
• 💰 She criticized the Republican plan to use what she called "magic math" and a "current policy baseline" to claim their tax cuts for the wealthy would cost $0, despite independent scoring estimating a $4.6 trillion cost.
• 🗣️ Even Faulkender admitted that using "magic words" does not mean the tax cuts will deliver more revenue.

Impact on Social Programs

• 📉 Warren stated she cannot support a nominee willing to gut Medicaid and take money from the elderly in nursing homes to fund tax cuts for the wealthy.
• ⚠️ She also expressed concern that Faulkender is on board with plans to cut Medicare, Medicaid, and Social Security, either to pay for tax cuts or for what she described as "cruelty."
• 👨‍👩‍👧‍👦 She urged colleagues to vote no, emphasizing that she cannot support a nominee who is willing to sell out working families for the benefit of the wealthy.