Rep. Alexandria Ocasio-Cortez Proposes 70-Percent Tax Plan On Top Earners
By Adam Shaw, Fox News // January 5, 2019
ABOVE VIDEO: What is the ‘Green New Deal’ proposal drafted by incoming Rep. Alexandria Ocasio-Cortez?
(FOX NEWS) – Rising Democratic star Rep. Alexandria Ocasio-Cortez, D-N.Y., said in a new interview that she could fund her proposed “Green New Deal” in part by slapping a tax as high as 70 percent on top earners.
Ocasio-Cortez, sworn in as Congress’ youngest member on Thursday, is one of a number of Democrats who backs the Green New Deal — which aims to combat both climate change and income inequality with a massive and costly economic overhaul.
Ocasio-Cortez has called it “a wartime-level, just economic mobilization plan to get to 100% renewable energy.”
A draft text circulated around Congress lays out a framework that includes eliminating greenhouse gas emissions from manufacturing and agriculture and “dramatically” expanding energy sources to meet 100 percent of power demand through renewable sources.
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