A new poll published Monday shows a whopping 76% of registered voters think the federal government should raise taxes on America’s highest earners; making the issue a top liberal priority heading into the 2020 presidential election.
“Surveys are showing overwhelming support for raising taxes on top earners, including a new POLITICO/Morning Consult poll released Monday that found 76 percent of registered voters believe the wealthiest Americans should pay more in taxes,” writes Politico.
“There is a deep wellspring in terms of perception of unfairness in the economy that’s been tapped into here that either didn’t exist five years ago or existed and had not had a chance to be expressed,” adds one economic insider.
The report comes as national Democrats -including Rep. Ocasio-Cortez and Sen. Elizabeth Warren- suggested raising taxes to 70% on wealthy Americans to help finance massive entitlement programs -including ‘Medicare for All.’
Read the full report at Politico.
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."
— 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.
PARADISE LOST: Trump Compares Ocasio-Cortez’ 70% Tax Rate with Venezuela Crisis
President Trump slammed Rep. Alexandria Ocasio-Cortez’ proposed 70% tax rate Thursday night; directly comparing her socialist policies with the total economic collapse taking place in Venezuela.
The Commander-in-Chief was speaking with reporters at the White House when he was asked to comment on the escalating crisis taking place in the once oil-rich nation.
“We’ve been looking at Venezuela. It’s a very sad situation,” Trump said. “That was the richest state in all of that area. That’s a big, beautiful area and by far the richest. And now it’s one of the poorest places in the world. That’s what socialism gets you, when they want to raise your taxes to 70 percent.”