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Warren to join Finance panel overseeing taxes, health care

Warren to join Finance panel overseeing taxes, health care
© Greg Nash

Sen. Elizabeth WarrenElizabeth WarrenOn The Money: Biden .5T budget proposes major hike in social programs | GOP bashes border, policing provisions Overnight Defense: Biden proposes 3B defense budget | Criticism comes in from left and right | Pentagon moves toward new screening for extremists POW/MIA flag moved back atop White House MORE (D-Mass.) will join the Senate Finance Committee, giving her a prominent platform to push forward progressive proposals on tax policy and health care.

Warren will be one of roughly a dozen Democrats to sit on the Finance panel, which has jurisdiction over taxes, trade policy, health insurance, Social Security and safety net programs.

“Senator Warren has been a tireless advocate for the middle class and I look forward to working with her on a range of issues, particularly fixing our broken tax code and ensuring billionaires and mega corporations pay their fair share,” said Sen. Ron WydenRonald (Ron) Lee WydenThe first Southern state legalizes marijuana — what it means nationally A bold fix for US international taxation of corporations Democrats offer competing tax ideas on Biden infrastructure MORE (D-Ore.), the incoming chairman of the Finance panel, in a statement.

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“Income inequality will be a major focus of my legislative and investigative work, and Senator Warren will certainly play a significant role in advancing this agenda.”

Warren’s new role will give her a powerful perch to oversee another slice of the financial sector, the health care industry, and other influential industries that she has long targeted for sweeping change.

As a 2020 presidential candidate, Warren supported raising income taxes on wealthy individuals, eliminating provisions derided by progressives as loopholes for the rich, and imposing a wealth tax. She also supported creating a single-payer health care system. 

“Senator Warren's longstanding commitment to affordable health care and accountability for entrenched special interests will also be a welcome addition as the committee works to lower health care costs for families,” Wyden said.

Warren will also retain her seat on the Senate Banking Committee, which oversees banks, credit unions, lenders, the investment industry, housing policy and urban development. She will be one of a handful of senators to serve on both the Finance and Banking committees, including Sens. Sherrod BrownSherrod Campbell BrownA bold fix for US international taxation of corporations Democrats offer competing tax ideas on Biden infrastructure Former Ohio health director won't run for Senate MORE (D-Ohio), Mike CrapoMichael (Mike) Dean CrapoTrump faces test of power with early endorsements The Hill's Morning Report - Biden shifts on filibuster Senators urge Energy chief to prioritize cybersecurity amid growing threats MORE (R-Idaho) and Pat ToomeyPatrick (Pat) Joseph ToomeySasse rebuked by Nebraska Republican Party over impeachment vote Philly GOP commissioner on censures: 'I would suggest they censure Republican elected officials who are lying' Toomey censured by several Pennsylvania county GOP committees over impeachment vote MORE (R-Pa.).

Warren will be joined on the Banking Committee by Sens. Jon OssoffJon OssoffBiden praises settlement in dispute between electric vehicle battery makers Memo to millennials: Don't be mad at us Group launches M campaign against legislators who back 'suppression of voting rights' MORE (D-Ga.) and Raphael WarnockRaphael WarnockBiden praises settlement in dispute between electric vehicle battery makers Georgia lawmaker arrested while governor signed election bill won't be prosecuted Democrats see opportunity as states push new voting rules MORE (D-Ga.), who won January runoff elections to give Democrats a slight Senate majority.

Sen. Brian SchatzBrian Emanuel SchatzGeorgia law makes it a crime to give food, water to people waiting to vote Senate Democrats reintroduce bill to create financial transaction tax GOP lawmaker introduces bill targeting tech liability protections MORE (D-Hawaii), one of the Banking panel’s chief advocates for fighting climate change through the financial system, will leave the committee and take a seat on the Senate Foreign Affairs Committee.