Trevor Noah, host of Comedy Central’s “The Daily Show,” asked Democratic socialist congressional candidate Alexandria Ocasio-Cortez how she plans to pay for her agenda Thursday and she said tax the rich and slash military spending.
Ocasio-Cortez began by bragging about her meeting with a Nobel Prize-winning economist and claimed her ideas could net the United States trillions of dollars. (RELATED: Trevor Noah Says ‘All Hope Is Dead’ After Justice Kennedy Retirement)
“This is an excellent, excellent question,” she replied. “I sat down with a Nobel Prize economist last week — I can’t believe I can say that, it’s really weird — But one of the things that we saw is, if people pay their fair share, if corporations and the ultra wealthy — for example, as Warren Buffett likes to say, if he pays as much as his secretary paid, 15 percent tax rate, if corporations paid — if we reverse the tax bill, raised our corporate tax rate to 28 percent … if we do those two things and also close some of those loopholes, that’s $2 trillion right there.”
She also said it would take $3 trillion to $4 trillion and a carbon tax to create a “renewable energy economy” and claimed the Trump tax cut bill prevents the wealthiest Americans from paying “their fair share.”
“One of the wide estimates is that it’s going to take $3 trillion to $4 trillion to transition us to 100 percent renewable economy,” she continued.
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“So we’ve got $2 trillion from folks paying their fair share, which they weren’t paying before the Trump tax bill,” she said. “They weren’t paying that before the Trump tax bill. If we get people to pay their fair share, that’s $2 trillion in 10 years. Now if we implement a carbon tax on top of that, so that we can transition and financially incentivize people away from fossil fuels, if we implement a carbon tax — that’s an additional amount, a large amount of revenue that we can have.”
Ocasio-Cortez also targeted military spending and said there are billions of dollars being wasted on defense and said it will take courage from both sides of the aisle to fix the country’s fiscal problems.
“Then the last key, which is extremely extremely important is re-prioritization. Just last year we gave the military a $700 billion budget increase, which they didn’t even ask for,” she said. “They’re like, ‘We don’t want another fighter jet!’ They’re like, ‘Don’t give us another nuclear bomb,’ you know?”
“That is a decision that requires political and moral courage from both parts of the aisle,” she added.
Date: July 27th, 2018 3:18 PM Author: irradiated embarrassed to the bone national security agency
What a load of bullshit. After exemptions and deductions and loopholes the effective federal rate is 10-15% for everyone. Mitt Romney has an effective tax rate of 14%, which is about what I pay. Trump has acknowledged not paying taxes for years because of bullshit "losses." The NYC and NYS rates are under 10% combined without taking into deductions into account. So tell me what wealthy retard is paying over 50% in taxes?
Notice she didn't get any actual numbers for that.
This reminds me of in Sim City when funds were low and you had to raise taxes to the max. You know what happened? Everyone left your city. Abandoned buildings everywhere.
Date: July 27th, 2018 3:28 PM Author: Yapping bisexual heaven
I have no problem taxing rich people but Dems never tax rich people. They tax the professional class. Doctors and lawyers arent rich-rich. Billionaires never get fucked.
Date: July 28th, 2018 8:17 AM Author: Boyish Flatulent Step-uncle's House
Date: July 22nd, 2018 9:10 PM
Author: ARE Reptile
I have literally poasted pics of my million dollar house, my $20k watch, my $30k stereo and my $100k horde of ALL cash used to go buy my new Porsche. I'm rich.
Date: July 27th, 2018 8:38 PM Author: ponyboy curtis
LJL at a carbon tax, but JFC we need to slash the fuck out of military spending. It's fucking insane that we're spending as much money as we are preparing to fight a conventional war in a world of nukes.
Date: July 27th, 2018 11:45 PM Author: stimulating infuriating lodge hairy legs
from folks paying their fair from folks paying their fair from folks paying their fair from folks paying their fair from folks paying their fair from folks paying their fair share
Date: July 28th, 2018 1:46 AM Author: Sinister Goyim
The problem is that we need a wealth tax, not an income tax.
It's an issue that Warren Buffet is only paying 15% on his income, but the bigger issue is that he only had $11 million in "income" in his last tax returns.
Force the wealthy to actually pay taxes on their money like the rest us wage slaves and you will see it actually isn't hard to raise the funds from them.
Date: July 28th, 2018 8:31 AM Author: at-the-ready learning disabled fanboi
a TRUE socialist in congress would be a blessing...but to even dream of congress ever passing even something like single payer is a fantasy --even if congress were 100% Dem...congress is bought and paid for...ocasio will of course get paid off like every other congressperson
Tbf this is true; I’ve stopped being a deficit hawk. There’s nothing that can be done politically that can stop the spending train so why bother talking about it?