«Breaking News» Socialist Dem Ocasio-Cortez backs taxes as high as 70 per cent on multi-millionaires

New left-wing Rep. Alexandria Ocasio-Cortez is calling for a top tax rate of as high as 60 or 70 per cent on those earning double-digit million dollar incomes – and says she'll accept the 'radical' label.

The freshman lawmaker sat for an interview with Anderson Cooper for CBS' '60 Minutes' on her first day as a member of Congress.

She called for zero carbon emissions within 12 years, and backed tax increases to pay for it, and referenced the higher income tax brackets of prior generations. 

'You look at our tax rates back in the '60s and when you have a progressive tax rate system your tax rate, you know, let's say, from zero to $75,000 may be ten percent or 15 per cent,' she said, in a clip that aired on CBS 'This Morning.'

Rep. Alexandria Ocasio-Cortez is calling for a top tax rate of as high as 60 or 70 per cent on those earning double-digit million dollar incomes. Here the freshman Democrat representing New York's 14th Congressional District, takes a selfie with Barbara Lee, from California and Ann McLane Kuster, from New Hampshire on the first day of the new Congress

'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,' she said. '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.'

In 1960, before the Kennedy tax cuts, the top rate was 91 per cent for those earning more than $200,000. According to the Tax Policy Center, the top 1 per cent earned 9 per cent of all income at that time, compared to 20 per cent in 2008.  

Cooper observed that her policy sounded 'radical.'  

Rep. Alexandria Ocasio-Cortez, D-N.Y., left, and Rep. Ilhan Omar, D-Minn., second from left, walk down the House steps to take a group photograph of the House Democratic women members of the 116th Congress on the East Front Capitol Plaza on Capitol Hill in Washington, Friday, Jan. 4, 2019

'Well I think that it only has ever been radicals that have changed this country. Abraham Lincoln made the radical decision to sign the Emancipation Proclamation. Franklin Delano Roosevelt made the radical decision to embark on establishing programs like Social Security. That is radical,' she said. 

Cooper then asked if Ocasio-Cortez calls herself a radical.

'Yeah. You know, if that's what radical means, call me a radical,' she said. 

She said her environmental plans are going to 'require a lot of rapid change that we don't even conceive as possible right now. 

 

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https://hienalouca.com/2019/01/05/socialist-dem-ocasio-cortez-backs-taxes-as-high-as-70-per-cent-on-multi-millionaires/
Main photo article New left-wing Rep. Alexandria Ocasio-Cortez is calling for a top tax rate of as high as 60 or 70 per cent on those earning double-digit million dollar incomes – and says she’ll accept the ‘radical’ label.
The freshman lawmaker sat for an interview with Anderson Cooper for C...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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