Photo: SteveSands /NewYorkNewswire/MEGA/Newscom |
Rep. Alexandria Ocasio-Cortez is ready to tax the rich to make her Green New Deal a reality.
“People are going to have to start paying their fair share in taxes,” the recently elected New York Democrat told TV show “60 Minutes” in an interview set to air Sunday.
Speaking of prior decades’ taxation rates in the country, Ocasio-Cortez added, “Once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent.”
'60 MINUTES' SUNDAY:— Steven Portnoy (@stevenportnoy) January 4, 2019
Alexandria Ocasio-Cortez suggests taxes as high as 70% on the wealthiest to pay for a "Green New Deal."
"If that's what radical means, call me a radical," @AOC tells @AndersonCooper. pic.twitter.com/fcw2YtdeSD
It shouldn’t be a surprise that the avowed “democratic socialist” went with the predictable “tax the rich” formula in order to pay for a massive government program to combat climate change.
But it would hardly be good news for most Americans if Ocasio-Cortez got her way.
In fact, such a scheme would mean that her constituents in New York City would pay a max income tax rate of 82.6 percent, as Americans for Tax Reform was quick to point out. Perhaps New Yorkers deserve what they voted for, but does the country?Read the rest of the story HERE.
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