Rep. Alexandria Ocasio-Cortez sat with Anderson Cooper for an upcoming 60 Minutes interview set to air this Sunday, a portion of which has been released as a promotion. In the released segment, Ocasio-Cortez reveals how exactly she suggests paying for the environmental agenda known as the “Green New Deal” — with remarkably higher tax rates for the wealthy.
Ocasio-Cortez suggests in the clip that in her esteem, people should be doing more to pay their “fair share.” When Cooper pressed on how she could possibly pay for the deal, she pointed to the progressive tax rate system in the 1960s, explaining that if you earn 0 to $75,000 a year, you would only pay 10% or 15% in income tax.
“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.”
Cooper replied that she was proposing a “radical agenda.”
“If that’s what radical means, call me a radical,” she said.
The newly elected New York representative has quickly become something of a lightning rod of attention for people of all political stripes, so this suggestion is certain to get as much attention as the recently revealed and viral clip of a teen-aged AOC doing a Breakfast Club style dance on a rooftop.
Rep. Alexandria Ocasio-Cortez of New York says her plan to transition the United States away from fossil fuels would require people to “start paying their fair share in taxes.”
That could mean taxing the wealthiest Americans at a rate of 60-70 percent, the freshman Congresswoman told CBS’s “60 Minutes” in an interview scheduled to air on Sunday.
The top tax rate dropped to 37 percent following the passage of the 2017 Tax Cuts and Jobs Act.
In her written proposal, Ocasio-Cortez previously said “progressive wealth taxes” could be set to fund investments under the Green New Deal. She also suggested imposing taxes on greenhouse gas emissions, tapping the Federal Reserve for credit and having the government take an equity stake in projects.
Ocasio-Cortez has clashed with centrist Democrats and the party’s establishment over how ambitiously the left should tackle climate change.
She lost an early battle to establish a Select Committee for a Green New Deal. Speaker Nancy Pelosi has instead announced plans to revive a select committee on climate change that will be chaired by Rep. Kathy Castor, a seasoned lawmaker from Florida.
Meanwhile, real Americans hope Trump enforces the Communist Control Act of 1954 and begin arresting treasonous Democrats.
James E Windsor, Overpasses News Desk
January 5th, 2018