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Sen. Elizabeth Warren campaigning for president in 2019-2020(Photo: Callaghan O’Hare/Bloomberg)

Senator Elizabeth Warren, D-Mass., is set to become a member of the Senate Finance Committee in the 117th Congress and plans to introduce legislation implementing a wealth tax on fortunes over $50 million. Senate Majority Leader Chuck Schumer (D-N.Y.)  announced Senate Democratic committee memberships late Tuesday. All memberships have been agreed upon by the Democratic Conference and are subject to ratification by the full Senate.

“I’m very pleased to join the Finance Committee, where I’ll continue to fight on behalf of working families and press giant corporations, the wealthy, and the well-connected to finally pay their fair share in taxes,” Warren said Tuesday in a statement.

“I look forward to being a progressive voice at the table to secure meaningful relief and lasting economic security for struggling families, including as an aggressive advocate for accomplishing much of our agenda through the budget reconciliation process,” she added.

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