The Democrats’ new rising star of the far left is already being interviewed on TV and talking about tax policy for some reason. She wants the top rate to be 70 percent. Does that sound fair to you?
The Washington Free Beacon reported:
Ocasio-Cortez Compares Herself to Lincoln, FDR as She Calls for 70 Percent Top Tax Rate
Rep. Alexandria Ocasio-Cortez (D., N.Y.) said in an interview Friday that her “radical” environmental plans could be accomplished if tax rates at the “tippy tops” were set at 70 percent.
The “60 Minutes” clip, which aired on CBS Friday morning, shows Cortez being questioned about her “Green New Deal” by Anderson Cooper. When Cooper got her to admit the goal of zero emissions within 12 years is “ambitious,” he inquired further about the taxation necessary.
“What is the problem with trying to push our technological capacities to the furthest extent possible?” Ocasio-Cortez asked. “People are going to have to start paying their fair share in taxes.”
Cooper asked for a specific on the tax rate, and Ocasio-Cortez said she was looking to the 1960’s for inspiration.
You look at our tax rates back in the ’60’s, and when you have a progressive tax rate system, your tax rate, let’s say from $0-$75,000 may be 10 percent or 15 percent, et cetera, but once you get to like the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent. That doesn’t mean all $10 million are taxed at an extremely high rate, but it means that as you climb up this ladder you should be contributing more.
Watch the video:
Do Democrats have any idea how this comes off to hard working, tax-paying Americans? It sounds insane.