These Billionaires Really Hate Elizabeth Warren’s Plan to Tax Billionaires

Democratic Party Cries Foul over Howard Schultz's Potential 2020 Run

On "CBS This Morning", host Norah O'Donnell asked Schultz about comments he had made on "60 Minutes", where he compared the Democratic stance on universal health care to "something as false as the [Trump border] wall".

"I am not running against the Democrats", although the party has shifted "far, far left", Schultz said, insisting "nobody" wants to see Trump out of office more than he does.

Former Starbucks chief executive Howard Schultz looks out at the audience during the kickoff event of a book promotion tour on Monday in NY.

"The question I think we all should be asking ourselves is at a time in America when there's so much evidence that our political system is broken, that both parties at the extreme are not representing the silent majority of the American people-isn't there a better choice, a better way?"

If it is something he proceeds with, Schultz will be a presidential candidate who has expressed disappointment with businesses and institutions that he once told CBC have let him and his fellow Americans down.

The Democratic National Committee is not happy about his rejection of the party, issuing a statement this week stressing that their primary focus is on taking down Trump, "and anyone who shares that goal should vote for the Democrat nominee in 2020", NBC notes.

"This is the problem", said Schultz.

Democrats like Rep. Debbie Wasserman Schultz (D., Fla.), Rep. Katie Hill (D., Calif.) and Julian Castro said his efforts would catapult Trump back into the White House, while CNN "conservative" commentator Ana Navarro said his running would help Trump and "maybe Putin". First of all, Elizabeth Warren doesn't know me.

Bloomberg noted that he criticized the tax cuts President Donald Trump and the GOP passed in late 2017 as overly skewed toward the wealthy, even as he linked Warren's proposal to the failings of socialism in South America. They're happy to point to Schultz's criticisms as yet more evidence that Democrats are wrong about the direction they want to take the country in as the 2020 presidential campaign ramps up. For example, when asked what the corporate tax rate should be, Schultz responded that he didn't "want to talk in the hypothetical about what I would do if I was president". "We will have real money, we will be on the ballot in all 50 states and we will go out and run a campaign that prosecutes the problems of the two party system". "I don't agree with that", Schultz said. Do you think it is advancing the American dream?

Democratic outrage over Schultz indicates they fear that he'd pull more from their constituency than from Republicans.

But even those close to Schultz acknowledge that he hasn't had a ideal week, the biggest blunder being the deleted tweet.

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