New York Rep. Alexandria Ocasio-Cortez has a fantastic idea. Fantastic if you believe in socialism.
’60 MINUTES’ SUNDAY:
Alexandria Ocasio-Cortez suggests taxes as high as 70% on the wealthiest to pay for a “Green New Deal.”
— Steven Portnoy (@stevenportnoy) January 4, 2019
The Federalist Papers reports,
In a new interview for “60 Minutes” the 29-year-old has proposed a tax rate as high as 70 percent, The National Review reported.
In a clip of the interview released Friday, Ocasio-Cortez argues more Americans should pay “their fair share” in taxes to fund an extensive clean energy infrastructure initiative she and her fellow freshman progressive lawmakers have dubbed the “green new deal.”
Pressed by CNN’s Anderson Cooper on the specifics of her taxation plan, Ocasio-Cortez proposed a drastic income tax increase on the wealthiest Americans and labeled herself a “radical” in the mold of Abraham Lincoln and Franklin Roosevelt.
“But once you get to the tippie tops, on your $10 millionth, sometimes you see tax rates as high as 60% or 70%. 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,” she said.
Cooper responded by characterizing the proposal as a “radical agenda.”
“If that’s what radical means, call me a radical,” Ocasio-Cortez responded.
She made many angry on Twitter.
And some of them were Democrats.
I’m no Republican and I am well below this top % but this is insane
— Yellowdancer (@gt4980b) January 4, 2019
Ya think? Now consider the fact that most middle class taxpayers are probably bumping up against 40% combined total taxes in all forms…
— deecee (@covingtonium) January 4, 2019
Here we go! See #Venezuela for how this turns out!
— Midwestern Views (@MidwestViews) January 4, 2019
Keep an eye on this woman. She might be crazy.
— David Grosz (@DavidGrosz13) January 4, 2019
She’s a whacko. How’d that work in Venezuela?
— Joe Urban (@FalconPuck) January 4, 2019
Socialist democrats are on the move. This won’t end well for America.
— Tony weese (@weese_tony) January 4, 2019
Such original thinking – take somebody else’s money and call it your own. Great concept, @AOC , truly creative. 🙄
— Alan Chesnut (@AlanChesnut) January 4, 2019