In a statement to CNN Business Tuesday evening, Cooperman accused Warren of trying to “grandstand at my expense” and attempting to hold a hearing in a “showboating atmosphere not conducive to serious debate.” The billionaire hedge fund executive added that his distaste for Warren’s Ultra-Millionaire Tax is well known and called the invitation “self-serving and disingenuous.”
“I am not interested in being pilloried by her while she uses me as a foil to promote her far-left manifesto,” Cooperman said, adding that he is “respectfully declining” the invitation.
The Massachusetts Democrat argues the wealth tax would help rebuild the economy and fight inequality. The tax is not part of the Biden administration’s efforts to raise revenue to pay for infrastructure.
“The opportunity will allow you to fully air your views, not merely in front of the financial news audience where you often express them, but before the entirety of the American people, Warren wrote.
Cooperman reiterated his opposition to the wealth tax, saying that while he believes in a progressive income tax there are more constructive approaches than Warren’s. He urged Congress to start by eliminating various loopholes in the tax code, including the carried-interest exemption for private equity and hedge funds.
The back-and-forth comes after Warren and Cooperman have repeatedly butted heads over her wealth tax.
Go to the news source: Billionaire Leon Cooperman turns down Elizabeth Warren’s offer to testify on her…