White House hopeful Elizabeth Warren said on Monday that if elected she would ro...
FILE PHOTO: U.S. Democratic presidential candidate Senator Elizabeth Warren arrives onstage during a forum held by gun safety organizations the Giffords group and March For Our Lives in Las Vegas, Nevada, U.S. October 2, 2019. REUTERS/Steve Marcus/File Photo
Warren, a U.S. senator from Massachusetts who is now a front-runner for the Democratic Party’s 2020 presidential nomination along with former Vice President Joe Biden, wrote in a post on the website Medium that her plan would result in the federal government investing an additional $450 billion in elementary and secondary schools over the next decade.
In the United States, state and local governments fund about 90% of public primary and secondary education, with the federal government providing the remaining 10% primarily through the “Title I” program. The increase in Title I funding, which would be financed by Warren’s proposal for a 2% wealth tax on household assets beyond $50 million, would also cover an increase in teacher pay that she frequently mentions on the campaign trail.
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