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Please Please Please Make Warren v Cooperman Happen Even If I Can t Be There
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Leon Cooperman Declines Elizabeth Warren Invite for Wealth-Tax Testimony
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by Tyler Durden
Wednesday, Apr 21, 2021 - 09:21 AM
Hedge fund manager Leon Cooperman is well known for his sometimes bizarre but always entertaining appearances on CNBC, where he has pontificated about the intemperance of investing in fads like crypto, GameStop and Tesla
( it will end in tears , Cooperman recently warned investors during a screed about the GameStop craze) while criticizing progressive tax policies (and praising President Trump s tax cuts).
Back in March, Cooperman revived his feud with Warren, which dates back to the early days of the Democratic primary, when he again slammed her wealth tax proposal as foolish , and argued that it would merely inspire the wealthy to hide even more of their money offshore.
Warren, a progressive Democrat from Massachusetts, is inviting billionaire investor Leon Cooperman to testify before a Senate Finance subcommittee hearing on taxes.
Cooperman, in a response given to CNBC, acknowledged he received the message and said that he is considering Warren s invitation. The senator requested that Cooperman confirm his attendance by Thursday.
Warren, in a letter to Cooperman first obtained by CNBC, called on the financier to attend a hearing being organized and led by the Finance Committee s Fiscal Responsibility and Economic Growth subcommittee, which she chairs. The hearing, set for April 27, is titled Creating Opportunity Through a Fairer Tax System.
Sen Elizabeth Warren challenges her billionaire nemesis to critique wealth tax before Congress
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