Alexandria Ocasio-Cortez Proposes 70% Taxation To Fund ‘Green New Deal’ (Video)

Alexandria Ocasio-Cortez Proposes 70% Taxation To Fund ‘Green New Deal’ (Video)

Alexandria Ocasio-Cortez referred to the 70% rate on people at the “tippy-tops” as the rich merely paying their “fair share” of the tax burden.

New Democratic congresswoman Alexandria Ocasio-Cortez (D-NY), drew attention on Friday when she suggested that the wealthiest Americans should pay a tax rate of as high as 70% in order to fund a “Green New Deal.”

“AOC”, as she likes to be called, proposed the idea in an interview set to air Sunday on CBS News’ 60 Minutes. She told Anderson Cooper that the “Green New Deal” would “require a lot of rapid change that we don’t even conceive as possible right now,” including raising taxes to a marginal rate of 70% to people at the “tippy-tops”, as the rich merely paying their “fair share” of the tax burden.

“You know if you look at our tax rates back in the 60s and you have a progressive tax rate system, the tax rate from zero to $75,000 may be 10%, 15% etc. But once you get to the tippy-tops on your $10 million, 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.”

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When Cooper suggested to AOC that the tax rate she was considering was, by today’s standards, a “radical agenda,” she replied that “it’s only been radicals” like Abraham Lincoln and Franklin Delano Roosevelt who have changed the country.

“If that’s what radical means, then call me a radical,” Ocasio-Cortez said.

Breitbart reports:

She compared the “Green New Deal” to other “radical” policies like President Abraham Lincoln signing the Emancipation Proclamation, and President Franklin Delano Roosevelt launching Social Security in the New Deal.

As Breitbart News has noted, the “Green New Deal” is in fact an old idea, first championed by President Barack Obama’s “green jobs” czar, Van Jones. It seeks to implement classic socialist policies of state-run enterprises, using the pretext of an environmental crisis.

To that end, proponents often exaggerate the threat of climate change and other environmental challenges. AOC herself has warned of “cataclysmic climate disaster” unless the United States moves to 100% renewable energy sources in the next ten years.

In comparison, California — the most ambitious state in “green” energy policy — has merely set itself a goal of 100% renewables by 2045, more than 25 years away.

Obama’s “green jobs” program was a notable failure, with many investments failing to pay off — most notoriously the solar panel company Solyndra, which failed after Obama, Vice President Joe Biden, and others held it up as a model.


 

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