Elizabeth Warren turned her wealth tax for “ultra-millionaires” proposal, one of the signature proposals from her presidential primary campaign, into a bill that she introduced in the Senate on Monday.

The bill from the Massachusetts Democratic senator, who is a new member on the Senate Finance Committee, would create a tax of 2% on households with a net worth between $50 million and $1 billion, plus an extra 1% (3% total) on households worth over $1 billion.

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