Potential 2020 presidential candidate Julian Castro defended Congresswoman Alexandria Ocasio-Cortez’ proposed tax hike over the weekend; citing a time in America where the wealthiest residents payed a tax rate of 90%.
“Oh, I can support folks at the top paying their fair share,” said Castro while speaking with ABC’s ‘This Week.’
“There was a time in this country where the top marginal tax rate was over 90 percent, even during Reagan’s era in the 1980s it was around 50 percent,” he added.
Cortez made national headlines Sunday when she claimed those at the “tippy top” should pay a tax rate of 60% to 70%.
'60 MINUTES' SUNDAY:
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
— Steven Portnoy (@stevenportnoy) January 4, 2019
“Once you get to the tippy 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,” said Cortez.
Read the full story at the Washington Examiner.
OCASIO-CORTEZ: Those at the ‘Tippy Top’ Should be Taxed ‘As High as 70%’
Congresswoman Alexandria Ocasio-Cortez raised eyebrows among fellow Democrats this week; suggesting those at the “tippy top” of the American economy should be taxed as high as 70% to support her massive government programs.
Cortez was speaking with ’60 Minutes’ during an interview set to broadcast this Sunday when she was asked to weigh-in on the projected costs associated with her ‘Green New Deal’ and Medicare for All.
'60 MINUTES' SUNDAY:
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
— Steven Portnoy (@stevenportnoy) January 4, 2019
“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,” said Cortez.
“If that’s what radical means, call me a radical,” she added.
Read the full report here.
SOCIALISM USA! Bernie Calls for ‘Political Revolution’ Against ‘Fossil Fuel Billionaires’
Vermont Senator and potential 2020 candidate Bernie Sanders set his sights on “fossil fuel billionaires” Monday; saying the United States needs a “political revolution” to turn the country towards “clean energy.”
Sanders posted his incendiary comments on social media this week; slamming President Trump’s tax cuts as an outright “lie” to middle class Americans.
“During Trump’s campaign, he repeatedly promised the American people that ‘the rich would not gain at all’ from his tax plan. He said it would provide a ‘big-league tax cut for the middle class.’ He lied. It’s time for an economy that works for all of us, not just the rich,” Sanders tweeted.
During Trump's campaign, he repeatedly promised the American people that “the rich would not gain at all” from his tax plan. He said it would provide a “big-league tax cut for the middle class."
He lied.
It’s time for an economy that works for all of us, not just the rich.
— Bernie Sanders (@BernieSanders) December 1, 2018
It’s time for a political revolution that takes on fossil fuel billionaires, accelerates our transition to clean energy, and finally puts people before the profits of polluters.
— Bernie Sanders (@BernieSanders) December 3, 2018
The self-described Democratic Socialist is widely believed to planning another run for the White House in the coming months; refusing to deny his political ambitions when asked in recent interviews.
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